January 2010

Time Warner Donates To Education Foundation

by The Editors on January 31, 2010

Tw Cef
Pictured left to right: Carlsbad Educational Foundation: Tim Royalty, Tami Brennan, Amanda Clardy, Linda Moynan, Patty Johnson; Time Warner Cable: Tiffany Lynch; Calavera Hills Middle School: Catina Hancock

The megalithic Time Warner Cable made a local donation to the Carlsbad Education Foundation last week during the Bioscience Bonanza: A Family Science night at Calavera Hills Middle School in Carlsbadistan.

In support of Time Warner Cable’s Connect a Million Minds initiative, the company’s Community Relations Manager Tiffany Lynch presented a $4,000 donation to Carlsbad Educational Foundation (CEF), a non-profit organization devoted to developing and launching educational and enrichment programs for more than 11,000 students in the Carlsbad Unified School District.

It’s nice to know that Time Warner does more for the community than simply operate a cable monopoly. Follow the jump for all the details.
[click to continue…]

{ 0 comments }

Wolf Moon Tidepooling At Terramar

by The Editors on January 31, 2010

013010

Yesterday’s minus 1.6 tide had kids out tide-pooling at Terramar yesterday. If you haven’t been, make plans for the next low, low.

{ 0 comments }

NRG/California Energy Commission Hearings

by The Editors on January 28, 2010

Jpeg-4

On February 1-4, 2010 the citizens of Carlsbadistan will have the chance to speak out regarding NRG West’s plans for a 550-mega watt power plant on the shores of Agua Hedionda Lagoon. According to Power of Vision Carlsbad, here are a few of the reasons why a new power plant just might be a bad idea:

• Huge carbon footprint
• 10 times increase in air pollution
• 40 more years harnessed with fossil fuel-burning technology
• Economics hardship for tourism industry
• Major safety concerns cited with I-5 expansion
• Industrialization of coastal lands
• Long Beach or La Jolla? You decide
• Noise impact as loud as jet engines
• Will make Carlsbad industrial epicenter
• No contract with SDG&E
• Two power plants • Decreases property values

The hearings will be held in the Hilton Garden Inn Ballroom Building at 6450 Carlsbad Blvd, Carlsbadistan:

Monday, February 1, 2010; 10:30am, Public comment period begins at 6:00pm
Tuesday, February 2, 2010; 9:00am, Public comment period begins at 6:00 pm
Wednesday, February 3, 2010; 9:00am, Public comment period at 6:00p.m. if necessary
Thursday, February 4, 2010 at 9:00a.m.

Might as well show up and let them know how you feel about it.

[Link: Power of Vision]

{ 8 comments }

Rubio’s Buyout Offer Up To $85 Million

by The Editors on January 28, 2010

Rubios LogoAlex Meruelo and private-equity firm Levine Leichtman Capital Partners have upped their previous offer of $80 million to purchase Rubio’s Restaurants to $85 million according to a story in Nation’s Restaurant News.

According to filings with the Securities and Exchange Commission, Rubio’s had yet to respond to the latest offer, which totals $8.50 per share. Rubio’s rejected the first proposal in late October, at $8 per share, saying it was not in the best interest of the company’s shareholders. . . Carlsbad-based Rubio’s, which operates or franchises about 195 Rubio’s Fresh Mexican Grill locations.

Maybe they should just hold out for $100 million? That’s a nice round number.

[Link: Nation's Restaurant News]

{ 1 comment }

Poseidon Get’s $530 Million In Bonds

by The Editors on January 28, 2010

Poseidon Resources Corp, the company that plans to build the desalination plant on the Agua Hedionda lagoon say they were just approved for $530 million in tax exempt bonds from the State of California, according to a story in the North County Times.

The Private Activity Bonds were approved by the California Debt Limitation Allocation Committee. These bonds are used to finance private projects judged to benefit the public. . . Peter MacLaggan, Poseidon’s senior vice president, said in a statement that the bonds’ tax-exempt status means they can sell for a lower interest rate than taxable bonds, lowering the cost of the desalinated water to the buyers.

Isn’t it nice when the Government helps private business?

[Link: North County Times]

{ 1 comment }

Man Runs With Engagement Ring

by The Editors on January 28, 2010

When man at Zales Jewelers in the Carlsbad Premium Outlet Mall asked to see an engagement ring on Wednesday, January 28, 2010 he had a little more than a proposal on his mind, according to a story in the San Diego Union-Tribune.

A man . . . grabbed one of them and ran, Carlsbad police said. . . The robber took the ring from Zales Jewelers in the Carlsbad Premium Outlets mall, on Paseo Del Norte near Palomar Airport Road, after an employee removed the item from a display case for closer inspection, police said.

The man was described as “black, in his early 20s, about 6 feet five inches tall and well-dressed.” He was seen jumping into the passenger side of a silver compact sedan. There’s a marriage that starting off on the wrong foot. . .

[Link: San Diego Union-Tribune]

{ 0 comments }

Men Ditch Car After Refusing To Pull Over

by The Editors on January 27, 2010

012710

Four young men in a white Hyundai who refused to pull over on northbound Interstate 5 tonight (January 27, 2010) at approximately 8:35 PM exited at Tamarack, ditched the car and tried to make a run for it near the corner of Tamarack and Pio Pico. Carlsbad Police and the San Diego County Sheriff’s helicopter responded.

According to a witness, the young men jumped from the car while it was still rolling. “I was sitting, waiting at the light when they came off the freeway and their car kind of spun out in the intersection. Then they all jumped out and ran,” the man said. “The car continued on and kind of bumped into mine.”

One suspect was apprehended on the scene and the Sheriff’s helicopter was still circling overhead at 8:50 PM apparently searching for three more suspects. Some allegedly stolen clothing was reportedly found in the trunk of the car.

{ 1 comment }

Wolf Design Build Rethinks The Powerplant

by The Editors on January 26, 2010

Frontwork-Copy

Wolfram Kalber has big ideas for Carlsbadistan. And he’s not one who simply dreams things up and lets them sit. Through his company Wolf Design Build he has designed and built homes in many different styles, but they all feature a creative groove that makes them quite unlike anything that’s been done before.

Kalber’s most recent work in Carlsbadistan is the $17 million Kiko Beach House on Ocean St. which we last featured in our 12 Days of Carlsbadistan Christmas. Now, Kalber and David Evans have some ideas for the Encina Power Station property. It’s called The Peoples Sunset Terrace Pavillion & Amphitheater. The structure which houses a Carlsbad Cultural Center and Recreation Center, looks somewhat like Denver’s DIA airport.

Kalber says he is meeting with the Mayor to discuss this and another design for the triangle lawn at Offshore, but we’re guessing this will fly well over Mayor Lewis’ head. Everything else aside, it’s good to know someone is thinking way, way outside the box when it comes to Carlsbadistan’s future.

[Link: Wolf Design Build]
[click to continue…]

{ 4 comments }

Village Faire’s Dog Mania Is Doggone

by The Editors on January 26, 2010

012410  5

Dog Mania, the store that carried high-end fashions, treats, and toys for pets (like Harry Barker Tennis Balls), packed up their doggie biscuits on January 17, 2010 and left the Carlsbad Village Faire. Calls to their phone number ended in a disconnected line.

The location, which is nearly invisible to passing traffic, has been home to several failed businesses over the past four years (Sonoma Valley Market). Wonder who will be next?

{ 3 comments }

Callaway Gives 1 Cent Quarterly Dividend

by The Editors on January 26, 2010

Callaway-LogoCarlsbadistan’s leading golf company Callaway Golf Co. “announced that its board of directors has declared a regular quarterly cash dividend of $0.01 per share on its common stock” and named a new boardmember, according to a story on San Diego Daily Transcript.

Adebayo O. Ogunlesi has been appointed to the company’s board of directors. He will begin serving immediately and will stand for election for a full one-year term at the company’s 2010 annual meeting of shareholders in May. . . Ogunlesi, 56, is chairman and managing partner of Global Infrastructure Management LLC, a private equity firm with over $5 billion in assets and that invests worldwide in infrastructure assets in the energy, transport, and water and waste industry sectors.

We did the math. If you own 100,000 shares of the company, you’ll get $1000 dividend. Sweet.

[Link: SDDT]

{ 0 comments }