News notes from around the interweb:
- How Napa wineries are re-opening for tastings
- Where the 2 survivors were sitting when the Pakistan International A320 crashed
- Caesars, MGM and Cosmopolitan bring back free parking while charging highest-ever resort fees, natch.
- Alaska Airlines reduces mileage-earning on Cathay Pacific and Emirates
- A local Country Inn & Suites was appraised at $4.88 million before the pandemic when hotel occupancy dropped and hotels became worth a whole lot less. So my city is buying it for $8,255,000 – and they’ve allocated an additional $500,000 so that they – rather than the seller – can cover closing costs, and also lease the property during due diligence. It’s planned as homeless housing.
Argue that the tax appraisal doesn’t reflect market value all you want (though legally it’s supposed to). I will agree with you. Market value of the property has fallen substantially over the past three months and the deal hasn’t been renegotiated to reflect the new reality.
- When the US government announced it would be banning travel from Europe – but gave plenty of notice – people rushed to the U.S., many carrying the virus with them.