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Month: December 2024

Theme parks preview, 2025: Epic arrival, Disney debuts, fresh additions

Theme parks preview, 2025: Epic arrival, Disney debuts, fresh additions

It will be a historic 2025 on the tourism front if for no other reason than the opening of Universal Epic Universe. It will be a big deal even by our theme park center-of-the-universe standards. The Orlando area hasn’t added a big from-the-ground-up park since Disney’s Animal Kingdom in 1998 and Universal’s Islands of Adventure in 1999.

Universal Orlando’s latest park is under construction a couple of miles southeast of its current attractions and near the Orange County Convention Center. Epic’s grand opening day is set for May 22.

The company has released many details over the months. Epic’s lands will include Dark Universe (classic monsters), How to Train Your Dragon – Isle of Berk, Super Nintendo World, Wizarding World of Harry Potter – Ministry of Magic and Celestial Park, an entry of sorts with rides and restaurants. Spread across these lands will be multiple roller coasters, dark rides, shows, themed eateries, interactive moments and a sizable helping of immersion, that lingering attractions buzzword. read more

PAYE and ICR student loan plans reopen: Should you enroll?

PAYE and ICR student loan plans reopen: Should you enroll?

By Eliza Haverstock, NerdWallet

As of Dec. 16, federal student loan borrowers can once again enroll in two income-driven repayment plans — Paye as You Earn (PAYE) and Income-Contingent Repayment (ICR), according to an Education Department spokesperson.

The department previously closed all new PAYE enrollment (and limited ICR enrollment) in July 2024. Under current Education Department guidance, the plans will accept enrollment until July 1, 2027. Like all income-driven repayment (IDR) options, these two plans base your monthly student loan payments on your income and family size and extend your repayment term from the standard 10 years to 20 or 25 years. After the repayment term, any remaining debt is forgiven.

The move to reopen the repayment plans is in response to lawsuits that blocked the newest income-driven repayment plan, Saving on a Valuable Education (SAVE), and put 8 million borrowers in an indefinite payment pause. During this pause, or administrative forbearance, interest is not growing on borrowers’ balances and no payments are due — but borrowers aren’t earning any credit toward forgiveness. read more

Orlando’s College Park Cafe looking to bounce back from destructive fire

Orlando’s College Park Cafe looking to bounce back from destructive fire

The College Park Cafe has been a mainstay in Orlando for more than 70 years. But in one instant on Christmas Eve morning, everything started to go catastrophically wrong.

First, a buildup of grease behind the stove caught fire. Then the fire-suppression system failed, with the sprinklers not producing the solvents specifically designed to put out such fires. The fire extinguishers, supposedly serviced and ready, were the last fail-safe.

“They were all empty,” said co-owner Joey Eckenfels. “So we didn’t have a choice but to run.”

The result was a total loss of the kitchen, including the primary cooking line where all the food is prepared.

But thanks to the generosity of the community it has served for decades, the beloved neighborhood restaurant is slated to reopen as soon as Jan. 10.

“We sold coffee on the street yesterday, just to bring in a little cash for the employees,” said co-owner Joey Eckenfels. “Someone threw a $100 bill out the window.”

Exterior of the College Park Cafe, on Monday, Dec. 30, 2024.A kitchen fire on Christmas Eve damaged the beloved College Park institution College Park Cafe. They are currently closed as they rebuild, and plan to rename the eatery to the College Park Diner. ..(Ricardo Ramirez Buxeda/ Orlando Sentinel)
Exterior of the College Park Cafe, on Monday, Dec. 30, 2024.A kitchen fire on Christmas Eve damaged the beloved College Park institution College Park Cafe. They are currently closed as they rebuild, and plan to rename the eatery to the College Park Diner. ..(Ricardo Ramirez Buxeda/ Orlando Sentinel)

The College Park Cafe calls itself the oldest diner in Orlando, dating back to 1951 when it opened as Clara Johnson’s College Park restaurant, with an Orchid Room banquet hall next door. It became the College Park Cafe in the 1980s under a new family’s ownership. read more

Value-seekers drove 2024’s retail trends and dead ends

Value-seekers drove 2024’s retail trends and dead ends

By ANNE D’INNOCENZIO and DEE-ANN DURBIN, AP Business Writers

Value was in vogue in 2024.

FPL proposes 4-year plan to raise base electric rates starting in 2026

FPL proposes 4-year plan to raise base electric rates starting in 2026

TALLAHASSEE — Pointing to issues such as growth and a need to continue expanding its system, Florida Power & Light on Monday said it will propose a four-year plan to raise base electric rates.

FPL will seek increases of about $1.55 billion that would take effect in 2026 and $930 million that would take effect in 2027, according to a letter filed with the Florida Public Service Commission. It also will seek additional money in 2028 and 2029 to pay for solar-energy and battery projects, though the filing did not detail specific amounts.

In the letter, FPL said, for example, that it has “experienced significant growth in our customer base” during the past four years and expects such growth to continue.

“While this growth will ultimately have a positive impact by spreading existing fixed costs over a larger customer base, it also means that FPL must invest significant capital to meet the needs of these additional customers by building transmission and distribution infrastructure, including poles, wires, transformers, substations and other components,” the letter, addressed to Public Service Commission Chairman Mike La Rosa, said. “The costs of meeting these obligations have substantially increased due to the impact of inflation.” read more