SAVANNAH - Sea Island Company has filed for federal bankruptcy protection with a plan to sell its luxury resorts that have been secluded getaways on the Georgia coast for wealthy travelers and American presidents since 1928.
The family-owned company filed a Chapter 11 plan in federal court Tuesday, saying it's unable to repay more than $600 million owed to to lenders including Synovus Bank, Bank of America and Bank of Scotland after the economic meltdown took a toll on Sea Island's resort and real-estate businesses.
Blistering summer days have air conditioning service professionals working up quite a sweat, answering more calls than usual in an attempt to keep area residents cool. As daytime temperatures continue to hover in the mid-90s with heat indexes up to 100 degrees, even afternoon rains give little relief when cool air is nowhere to be found.
SAVANNAH - Georgia Ports Authority Executive Director Curtis J. Foltz announced Monday that the GPA handled more than 2.63 million twenty-foot equivalent unit containers, added new services and maintained its position as the fourth-highest-volume container port in fiscal year 2010.
SAVANNAH - Savannah Technical College's marketing and hospitality programs will host a free seminar on working in the international market from 10 a.m.-noon Tuesday, Aug. 24. The seminar will be in the Eckburg Auditorium at the Savannah Campus, 5717 White Bluff Road.
Work is expected to begin this fall on a new natural gas pipeline that will serve the Belfast Business Center, a 900-acre industrial park off Belfast Siding Road.
There's now an auto parts store in Pembroke. Autopro Parts and Accessories, opened on Thursday.
ATLANTA - State Labor Commissioner Michael Thurmond announced Thursday that federal extended unemployment insurance benefits are now being paid to 90,994 jobless Georgians. The benefits were enacted by Congress and signed by President Barack Obama last July 22. The law extends the qualifying time for eligible recipients from June 2
ATLANTA - The Georgia Department of Labor reported recently that the preliminary unadjusted unemployment rate in metro Hinesville rose to 8.9 percent in June, up eight-tenths of a percentage point from a revised 8.1 percent in May. Meanwhile, the number of unemployed workers in the metro area increased to 2,900, up 240 from 2,660.
The Georgia Department of Labor reported July 20 that the preliminary unadjusted unemployment rate in metro Savannah rose to 8.8 percent in June, up five-tenths of a percentage point from a revised 8.3 percent in May. Meanwhile, the number of unemployed workers in the metro area increased to 15,397, up 837 from 14,560.
Georgia has received $30 million in Recovery Act funds for direct home loans through USDA Rural Development for qualifying families considered to have low and very low incomes to purchase or build a home in a rural area.
John H. Sumner, broker/owner of Pursuit Real Estate Group announced a new national affiliation with Weichert, Realtors and will now be WEICHERT, REALTORS – Pursuit Real Estate Group, an independently owned and operated franchise of Weichert Real Estate Affiliates.
ATLANTA - The Georgia Department of Labor reported Thursday that the state's seasonally adjusted unemployment rate declined to 10.0 percent in June, down one-tenth of a percentage point from a revised 10.1 percent in May. This is the 33rd consecutive month Georgia has exceeded the national unemployment rate, which is now 9.5 percent.
The American Cancer Society in Richmond Hill received a $1,000 donation July 7 from volunteer Lynn Bennett.
We have a lot of residential subdivisions with ponds on them. We have a lot of farmsteads with ponds. If you have a pond, either your own private pond or one owned and managed by your homeowner's association, now is the time to start planning for next year's management of the pond.
The Golden Corral building on Highway 84 in Hinesville is back on the market. A Realtor's sign was placed on the property sometime this week.
Howard Family Dental, which has been serving Southeastern Georgia since 1980, recently announced the grand opening of its new Richmond Hill office and the addition of Dr. Carlos Martinolas to the practice.
The following property transfers were recorded with the Bryan County Clerk of Court from Nov. 14-Dec. 8.
Richmond Hill city clerk Ursula Lee recently celebrated 28 years of employment with the city. Lee began her work in 1986 as a receptionist/senior clerk and was promoted to assistant city clerk before becoming city clerk in 1997.
The following incidents are from Bryan County Sheriff's Department and Richmond Hill Police Department reports.
As 2014 draws to a close, you may want to look back on the progress you've made this past year in various areas of your life - and that certainly includes progress toward your financial goals.
You may begin noticing smoke in the air from time to time as tree farmers conduct prescribed burns.
It's Thanksgiving, a holiday that once celebrated the harvest season. Although many of us may not be directly connected to agriculture, we still gather on Thanksgiving with our loved ones to share whatever "bounty" we have. This practice doesn't have to begin and end with food. Why not incorporate the spirit of sharing into your overall financial strategy?
It's that time of year again. Remember to pick up a turkey or a ham, decorate the house inside and out, and let's not forget the presents - something for everybody on the ever-growing list.
Congratulations to Melissa Edmonston, who won the iPad drawing sponsored by the Bryan County News at the Great Ogeechee Seafood Festival last month in Richmond Hill.
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