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News and Updates

12.11.18 - Quebec hydropower coming south to New York, not New England

"The Champlain Hudson Power Express (CHPE), a 300-mile underground high-voltage line carrying hydroelectricity from Quebec dams down to New York City, is finally moving ahead with construction likely to begin in 2020, reports the Canadian newspaper National Observer."

"As we in New Hampshire know all too well, Quebec really wants to sell electric from its massive hydropower installations up near Hudson Bay into the U.S. markets. The long, tangled attempts to build the Northern Pass power lines and the current debate over lines in Maine are a byproduct of this push. While it’s not really a done done, the Hudson Power Express looks like it will be the first major project to make this possible. It’s a bit easier to build because most of its route will be underwater, either through Lake Champlain or down the Hudson River."

Read the full Concord Monitor's Granite Geek blog post here

12.6.18 - Lyft files paperwork for IPO ahead of Uber

"Lyft will be the first to test the public markets for the ride-hail industry, which has shown explosive growth during the past four years. Lyft was most recently valued at $15 billion. Uber has received proposals from banks interested in its IPO that valued the company at $120 billion."

"Both companies are entering a period of business uncertainty. Regulators in New York City, the largest market for ride-hailing, recently imposed regulations, going into effect in January, to set minimum pay standards. The ride-hail operators expect that fares will go up as a result."

"Lyft had revenue of $563 million in the third quarter, up nearly 90% from the year-ago period, and a loss of $254 million, according to the [Wall Street]  Journal. Uber had $2.95 billion in revenue, up 38%, with a $1.07 billion loss."

Read the full Crain's NY Business article here

11.28.18 - Pre-K for All - At Last!

'It took three years but justice has prevailed! Last week, New York State’s highest court overturned an appeal by the de Blasio administration and upheld its 2017 decision that the city’s attempt to impose an intrusive contract on charter school pre-K programs is illegal. This groundbreaking decision means that, starting in the 2020–2021 school year, Success Academy will once again be able to offer pre-K for our littlest learners at the schools where we have space.'

Read the full letter from Success Academy CEO Eva Moskowitz here

11.26.18 - Resorts World Catskills announces expansion of campus

'Resorts World Catskills, New York’s newest and closest casino resort to Manhattan, today unveiled plans to open the integrated campus destination’s second hospitality complex. The Alder, a new lifestyle hotel, will offer guests an exciting new way to stay and play in the heart of the picturesque Catskill Mountains. The Alder is now taking reservations and will officially open its doors in December 2018.'

'The Alder marks the next phase in the growth of Resorts World Catskills. In addition to the hotel, The Alder will feature a dining and an entertainment venue for resort guests, which will be announced in the coming weeks.'

'The destination resort at which Resorts World Catskills is located will continue its expansion in 2019 with the addition of two new offerings, The Kartrite Hotel and Indoor Waterpark and a Rees Jones-redesigned golf course.'

Read the full press release here

11.21.18 - Success Academy Wins Legal Battle With New York City Over Its Pre-K Curriculum

'The charter-school network bid in 2015 to host the students in response to a DOE request for proposals. As part of its universal pre-K program, the city offers free pre-K to every 4-year-old and pays some private centers to host classes.'

'Success Academy officials first appealed to State Education Department Commissioner MaryEllen Elia, who ruled in favor of the DOE to require a contract with curricular oversight. Success challenged her determination in court.'

'A spokeswoman for Ms. Elia said she is reviewing the decision. A spokesman for the city’s Law Department, which argued the case, said the ruling “limits but does not eliminate the DOE’s legal authority to ensure these programs meet the educational standards set by law.”'

'As a result of the dispute, Success Academy canceled its pre-K program in 2016. In a statement, its founder and Chief Executive Eva Moskowitz said the ruling came too late to offer a program in the 2019-20 school year. She faulted New York City Mayor Bill de Blasio, with whom she has clashed about finding space for publicly funded, privately run charter schools.'

'“He wants to dictate how we run our program because he believes public education should be a government monopoly that he controls,” Ms. Moskowitz said.'

Read the full WSJ article here

11.20.18 - Albany college leaders consider creating a consortium to address challenges

'Fewer students are enrolling in colleges and universities. Population demographics are changing. And business owners say they need more trained employees to fill their workforce needs. Those issues are part of why Havidán Rodríguez, the University at Albany president who is in his second year, wanted to convene the leaders of local colleges and universities to discuss ways to collaborate and work together regionally.'

'Nineteen college presidents attended a meeting with that goal on Monday at UAlbany. The higher education leaders talked about issues like declining enrollment, and how to balance tuition affordability with making budget.'

'Rodríguez believes the first meeting was a good start, especially coming a few weeks after the November elections where the U.S. House and New York state Senate flipped to Democratic control. "This is an opportunity with the changes that occurred, not only regionally but across the country, that we continue to emphasize the critical importance of higher education," Rodríguez told the Business Review.'

Read the full Albany Business Review article here

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