Macy’s To Cut 2,500 Jobs, Close Stores

Macy’s logo (Photo credit: Wikipedia)

Macy’s Inc. is cutting 2,500 jobs as part of a reorganization to sustain its profitability.

The announcement comes on the heels of a strong holiday shopping season for the department store chain.

Macy’s said Wednesday that it will reassign or transfer some workers and add some positions, leaving its workforce level at about 175,000.

The Cincinnati-based company plans to close five stores and open eight others, leaving it with 844 stores nationwide once the changes are complete.

Read more: http://www.inyork.com/community/ci_24868130/macys-cut-2-500-jobs?source=rss

Developer Scales Down Grandiose Project For Mount Washington

A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)

Some five years after it was first proposed, a developer is scrapping plans for a grandiose $100 million hotel-condominium project on Mount Washington in favor of a more modest apartment complex.

Gone will be the 20-story high-rise featuring a four- to five-star, 163-room luxury hotel. Gone will be about 58 condos perched on a cliff overlooking Downtown.  Gone, apparently, will be amenities like a scenic overlook and a giant plaza that would have been open to the public.

Instead, Sycamore Grandview Development is proposing to construct about 300 market rate apartments in four buildings wrapped around a “grand central yard” at the four-acre site at the end of Grandview Avenue near the Monongahela Incline.

Developer Beau Beemsterboer is expected to present the revised plans to the community at a meeting Tuesday at 6:30 p.m. at the Mount Washington Senior Center.

Read more: http://www.post-gazette.com/stories/business/news/developer-scales-down-grandiose-project-for-mount-washington-702313/#ixzz2eDmwdroM

Details Of Lancaster Revitalization Zone Program Are Unveiled

Map of Pennsylvania highlighting Lancaster County (Photo credit: Wikipedia)

Invoking the spirit of Ronald Reagan, Mayor Rick Gray summed it up best when he quoted the former president, “There is no limit to the amount of good you can do if you don’t care who gets the credit.”

That was the theme of a Wednesday morning press conference, where local elected officials and business leaders gathered to celebrate the passage of a bipartisan revitalization program that could deliver $100 million to Lancaster city.

“In an arena where the habitual reluctance of so many to reach reasonable solutions can be absolutely mind-boggling, today the story changes a bit,” said state Sen. Lloyd Smucker.

Surrounded by about 20 community organizers representing voters on both sides of the aisle, the Republican thanked his colleagues for months of hard work on the program, for which he has been a leading force.

Read more:  http://lancasteronline.com/article/local/870949_Details-of-Lancaster-revitalization-zone-program-are-unveiled.html