St. Louis Business Journal articles from June 2001

St. Louis Business Journal archives from June 2001

City may gain 1,500 jobs.(St. Louis, MO)(Brief Article)(Statistical Data Included)
June 1, 2001... Magellan Health considers Highlands for local consolidation Magellan Behavioral Health has whittled its search for a 250,000-square foot campus to a handful of sites, including the Highlands@Forest Park, following a personal pitch by Mayor...

Social investment.(St. Louis Social Venture Partners)(Brief Article)(Statistical Data Included)
June 1, 2001... Regional Business Council effort to contribute money, business smarts to help area nonprofits Cereal-heir John Fort realized years ago that philanthropy was not just a duty but his calling. And Fort, a descendant of Malt-O-Meal's...

Kalishman family sells half of its Insituform stock.(Insituform Technology Inc.)(Statistical Data Included)
June 1, 2001... $48 million sold to diversify holdings Just 10 days before his company -- Maverix.net--filed for bankruptcy, Tom Kalishman gave away $4.2 million of Insituform Technology Inc. stock. Kalishman is the son of the late Jerome Kalishman,...

Chambers, Burch negotiate to buy rest of Huntleigh.(Robert Chambers, Steve Burch, Huntleigh Financial Services Corp.)(Brief Article)
June 1, 2001... Robert Chambers and Steve Burch, majority owners of Huntleigh Financial Services Corp., are negotiating to buy the remaining 40 percent interest now held by James Winkelmann and Don Weir, according to people familiar with the firm. A deal...

Spanish flavor.(Modesto Tapas Bar & Restaurant)(Brief Article)
June 1, 2001... Brendan Marsden plans to bring a taste of Spain to The Hill, the heart of the area's Italian community. Marsden will debut Modesto Tapas Bar & Restaurant, featuring authentic Spanish dishes, in mid-June at the renovated Fair Mercantile...

Hot boat.(Hot Boat magazine )(Brief Article)
June 1, 2001... The May issue of Hot Boat magazine devotes eight pages to Dan Francis, president of St. Louis Pre-Sort. With his driver, St. Louisan Neil Wobbe, Francis won two world championships in offshore boat racing last year in his 36-foot Spectre, the...

Hardee's stars.(Hardee's Food Systems, local executives)(Brief Article)
June 1, 2001... When Hardee's Food Systems officially sets up its national headquarters at Firstar Plaza in the next few weeks, the top local executives will be Noah Griggs, executive vice president of operations, and Barbara Pacifico, executive vice president...

Back to the future.(Vintage clothing line)(Brief Article)
June 1, 2001... St. Louis native Carmen Hollenbeck launches Weezie, a vintage clothing line, on June 1. Her redesigned 1940s to 1970s vintage clothing operation will be on the upper floor of Kroma Contemporary Living, 4584 Laclede Ave. Making a career change...

Very cool.(RiverChase)(Brief Article)
June 1, 2001... RiverChase, the Fenton recreation center, was hailed as one of "10 great public pools" nationwide in the May 25 issue of USA Today. The $13.5 million complex, man aged by Craig Feldt, is beginning its second full season.

Playing for keeps.(Fairview Elementary )(Brief Article)
June 1, 2001... Clients of nationally known bankruptcy lawyer Steve Cousins might want to take note of the talents of his wife, Holly Cousins. A teacher at Fairview Elementary in the Jennings School District, she raised $10,000 for a new playground at the...

Legal maneuvers.(Greensfelder, Hemker & Gale - management issues)(Brief Article)
June 1, 2001... Attorneys Steve Schwendemann, Sheldon Stock, Mary Ann Wymore, Jason Ross and Spencer Garland are the key players in Greensfelder, Hemker & Gale's just launched telecommunication, media and technology department. Two or three more attorneys will...

LoanSurfer.com sinks.(Brief Article)
June 1, 2001... Schukar buys assets, including USA Mortgage, to put focus on local market Douglas Schukar, a veteran of the local mortgage industry, has purchased USA Mortgage, the sixth largest mortgage lender in the St. Louis area, and other assets of...

Mullenix builds $8.5 million hotel for extended stays in Earth City.(Michael Mullenix, Residence Inn by Marriott, St. Louis, MO)(Brief Article)
June 1, 2001... Michael Mullenix is building on the success he's had with other projects along Interstate 70 with the construction of an $8.5 million Residence Inn by Marriott in Earth City. The 104-room structure, just south of the St. Louis Rams'...

Corrections.(Correction Notice)
June 1, 2001... Big Sky Cafe Big Sky Cafe in Webster Groves is expanding. The name of the restaurant was incorrect in Shoptalk in the May 25 issue. Fire Sprinklers In the Fastest-Growing Private Companies list that ran in the May 25 issue, Fire...

Bankruptcy judge tosses Max Broadcasting's case.(Max Broadcasting Network Inc. looses chapter 11 status)(Brief Article)
June 1, 2001... Max Broadcasting Network Inc., an Internet sports broadcasting company here that filed for bankruptcy Jan. 31, has lost its bankruptcy status. A federal bankruptcy judge dismissed the Chapter 11 case by Max Broadcasting and ordered the...

Lack of parking spots is "a good problem to have".
June 1, 2001... Popularity of MetroLink in Illinois could lead to 600 new spaces at three stations The Bi-State Development Agency and St. Clair County Transit District could add up to 600 parking spots at three MetroLink stations that have been open less...

Aurora Foods to leave Union Station for West Port properties.
June 1, 2001... Aurora Foods is leaving its Union Station offices for Maryland Heights, according to people familiar with the deal. Aurora will take 60,000 square feet in West Port Place, 11432 Lackland. The space now is occupied by Mpower, which is laying...

Orion to identify genes for New Zealand dairy industry.
June 1, 2001... Orion Genomics, a 2-year-old biotech company here, expects to double its staff in the next 12-16 months under a deal signed April 27 with ViaLactia Biosciences Ltd. in Auckland, New Zealand. Currently, Orion has eight full-time staff at its...

Purina ills investors surface, acquisition talk called "premature".
June 1, 2001... Two more investors in Purina Mills have surfaced, increasing speculation about an acquisition proposal the, company received earlier this month from an undisclosed third party. Prudential Insurance Co. of America holds a total 8.59 percent...

Medical People.
June 1, 2001... Thomas Keller was appointed director of marketing and communications for Tenet Healthcare Saint Louis. Dr. Lawrence Gans of SureVision was certified by the Council for Refractive Surgery Quality. Dr. Steven Lee joined the Pepose Vision...

After the breakup: Bond rating agencies like St, Luke's.
June 1, 2001... St. Luke's Hospital has a strong fiscal profile as it moves forward as an independent hospital, according to a report by Fitch IBCA, a New York bond rating agency. Both Fitch and Standard & Poor's rated the hospital in advance of its...

PEOPLE.
June 1, 2001... Advertising Rodgers Townsend added Janet Stone in account services and Terri Ash, Mark Motley and Susan Schultz in creative. Architecture/engineering Michael Moran has joined Forum Studio Inc. as associate principal. Dennis...

A.G. Edwards' public finance department.
June 1, 2001... Amelia Bond has been named director of A.G. Edwards' public finance department. Bond succeeds Charles Forrest, who took over the company's fixed-income operations in March. She has been with the department for 15 years. Meanwhile, two...

Emerson.
June 1, 2001... Emerson plans to sell its Xomox valve unit to Stamford, Conn.-based Crane Co. for $145 million. Xomox, based in Cincinnati, makes valves under the brand names Tufline and Matryx. St. Louis-based Emerson manufactures electronics,...

Bridge Information Systems Inc.
June 1, 2001... Bridge Information Systems Inc. said it has 35 suitors interested in its remaining assets, according to published reports. Dow Jones newswires reported that BridgeNews and Telerate have received the most interest. Bridge spokesman Joel...

Amdocs Limited.
June 1, 2001... Amdocs Limited plans to offer $500 million in debt to institutional investors. The seven-year notes are convertible into Amdocs stock. The company said it has no immediate need for the funds, but will use it for future acquisitions. ...

Top 10 things parents can do to help the college search.
June 1, 2001... 1. Focus on what is most important for your child. Set aside issues of prestige and determine what matters most to your child academically and personally. Once you have identified those issues, never lose sight of them. 2. Be open-minded....

Apartment central.
June 1, 2001... Apartment Search finds homes for thousands of people each year Business activity: To Kathy Wood, every obstacle thrown in her path becomes an opportunity. Through 15 years as the owner of Apartment Search, Wood has overcome several...

IT service for PCs ASAP.(Sourceserve manages computer for medium-size companies)(Brief Article)
June 1, 2001... Kanter's Sourceserve taps CPAs to grow computer maintenance business Steve Kanter has been a PC man all his life... at least since he bought one of the early versions -- an Osborn model -- in 1981. Now, he wants to help people find a...

"The Girls' Guide to Power and Success,".(Susan Wilson Solovic )(Brief Article)
June 1, 2001... Publication of her first book, "The Girls' Guide to Power and Success," is bringing Susan Wilson Solovic a series of television, radio and print interviews to complement her seven-city book tour. Solovic, who owns Susan Says, a marketing...

Franchise Opportunities Guide.
June 1, 2001... The updated version of the Franchise Opportunities Guide is available from the International Franchise Association. The $26 book is a reference tool for people considering opening a business. It is revised twice yearly and lists the world's...

SCORE Association.(How to Really Start Your Own Business)(Brief Article)
June 1, 2001... The SCORE Association and Visa USA Inc. are partners in a new release, "How to Really Start Your Own Business:" The free workbook was developed to help small businesses operate more efficiently. The newest version includes "Chart Your...

Avoiding communication breakdowns is most important.(Human communication)(Brief Article)
June 1, 2001... In most of our comment -- up to now, we have been dealing with ways and means of making human communication better. We need to learn more about the effects of our language, which sometimes gets us into real trouble. With a little bit of...

LARGEST NURSING HOMES.(in the St. Louis-area ranked by beds)(Directory)(Statistical Data Included)
June 1, 2001... LARGEST NURSING HOMES Jennie Powell (RANKED BY NUMBER OF LICENSED SKILLED BEDS) Number of Company (rank licensed Number of address ...

LARGEST NONPROFIT RESIDENTIAL CARE FACILITIES.(in the St. Louis-area)(Directory)(Statistical Data Included)
June 1, 2001... (RANKED BY NUMBER OF LICENSED BEDS) Number of licensed Facility (rank last year) beds/ address ...

Bank of America, Fister use tech instead of travel.(Satellite television network)(Brief Article)
June 1, 2001... Bank of America saved about $8 million in travel expenses last year because of its innovative use of high-tech communications technology. "Bank of America has a satellite television network that enables us to do broadcasts across the United...

Wyndham, Clayton on Park make women their business.(New York University's Center for Hospitality, Tourism and Travel Administration )(Brief Article)
June 1, 2001... From room service pre-calls to lighted mirrors, hotels aim to attract more women business travelers Women business travelers do not want to be housed on the first floor of a hotel. They rarely take along their children on business trips....

Ordinary lives...extraordinary adventures.(Explorers Club)(Brief Article)
June 1, 2001... Randy and Fiona Woods, Dan Chavez expand personal, professional horizons through Explorers Club St. Louisans Randy and Fiona Woods develop commercial and residential real estate, but they once spent two years living on a remote island,...

Arch Coal Inc.(vice president C.H. Besten exercises stock options)(Brief Article)
June 1, 2001... C.H. Besten, vice president, exercised an option for 10,000 shares of common at $22 each on Feb. 26. To cover the expenses of transaction, Besten turned in 9,582 of them and now directly and indirectly holds 21,810. Kenneth G. Woodring, vice...

Energizer Holdings Inc.(director R.D. Hoover buys 1,000 more shares)(Brief Article)
June 1, 2001... R.D. Hoover, director, purchased 1,000 shares of common at $24.94 each on Feb. 13, and now directly and indirectly holds 6,000.

May Department Stores Co.(vice president Lonny J. Jay and other officers sell stock shares)(Brief Article)
June 1, 2001... Lonny J. Jay, vice president, exercised an option for 4,500 shares of common at $31.50 each on Feb. 15, and sold 4,500 shares at $38 each on Feb. 15, and now directly holds 5,367. Richard W. Bennet, director, exercised an option for 2,072...

Monsanto Co.(John S. Reed purchases common stocks)(Brief Article)
June 1, 2001... John S. Reed, director, purchased 36,540 shares of common between $29.95 and $30 each on Feb. 23, and now directly holds 142,124.

Stifel Financial Corp.(VP Thomas A Prince and director Walter Imhoff purchase shares)(Brief Article)
June 1, 2001... Thomas A. Prince, vice president, purchased 1,500 shares of common at $13.98 each on Feb. 15, and now directly holds 1,813. Walter F. Imhoff, director, purchased 1,000 shares of common at $13.19 each on Feb. 9, and now directly holds 33,963.

St. Anthony's Medical Center.(St. Louis )(hospital)(Brief Article)(Statistical Data Included)
June 1, 2001... David Seifert President and chief executive St. Anthony's Medical Center is the third largest medical center in the St. Louis metropolitan area. The 794-bed facility, a Level Two trauma center, is south county's only hospital. The...

For what it's worth.(commercial real estate deals in St Louis, Missouri)(Brief Article)(Statistical Data Included)
June 1, 2001... Highlighting some of the most recent commercial real estate transactions in the St. Louis area. LOCATION: 10655 Gateway Blvd., Olivette DATE SOLD: Jan. 11, 2001 NEW OWNER: Walters Properties LLC AGENTS: Bob Staniforth, Grubb &...

Proxy corner.(Belden Inc)(Brief Article)(Statistical Data Included)
June 1, 2001... Money and management at companies with publicly traded stock BELDEN INC. C. Baker Cunningham Chairman of the board, president and chief executive Belden Inc. designs, manufactures, and markets wire, cable and fiber optics...

The hills are alive.
June 1, 2001... When Innsbrook Corp. Chairman Ed Boyce met with Saint Louis Symphony Concertmaster David Halen last August, little did he know that his town of Innsbrook would play host to a music institute and festival in less than one year's time. Or that 30...

Benefits' benefits.
June 1, 2001... Spring Gala Tally (net figures) $201,1122 Center of Contemporary Art "Coca Cabana" Chairs: Sue Engelhardt, Kathy Vanderselt $185,000 Grand Center "Aida" t the Fox Theatre Chairs: Judy and Harvey Harris ...

Chinese dance.(Dance St. Louis, National Ballet of China)(Brief Article)
June 1, 2001... Dance St. Louis' (DSL) 2001-2002 season features some outstanding companies, but none more highly anticipated than the National Ballet of China, which stops in St. Louis Oct. 12-13, as part of its first U.S. tour. "The delicacy of their...

Road Trip.(International art fairs)(International Pages)(Brief Article)
June 1, 2001... One of the world's most important international art fairs -- Art Basel, in Switzerland -- is just around the corner, and a group of dedicated St. Louis art mavens is heading there (with a stop in Frankfurt for the opening of Van Gogh). Anabeth...

Spoon-fed.
June 1, 2001... It could mean the death of the toothpick, and according to the Wall Street Journal, it's a hit with caterers on both coasts. At cocktail parties, chefs and caterers are serving their appetizers -- from caviar and smoked lobster to Asian noodles...

P.S.
June 1, 2001... * Harvey and Judy Harris, Mary Strauss and Bob Baudendistel of Fox Associates are heading to New York for the Tony Awards on June 3. Their production of "One Flew Over the-Cuckoo's Nest" is up for two nominations. Tony and Ruthe Ponturo are...

St. Louis Stocks.(includes prices for May 23, 2001)(Illustration)(Statistical Data Included)
June 1, 2001... Close Close Company Symbol Exchange 5/23/01 5/30/01 A.G. Edwards AGE N $42.35 $42.47 Allegiant Bancorp ALLE ...

Brown Shoe Co.(earnings)(Brief Article)(Statistical Data Included)
June 1, 2001... May 23, $18.20 Tucker Anthony Sutro Capital Markets Buy. Brown Shoe came through a tough first quarter with earnings of 36 cents per share, in line with our estimates. While the company operates under a diversified operating model,...

ESCO Technologies Inc.(stock analysis)(Brief Article)
June 1, 2001... May 7, $24.65 J. Michael-Patrick LLC Strong Buy. We are initiating coverage of ESCO with a price target of $34. ESCO continues to prosper in a tough economic climate. We think that ESCO will grow long-term earnings per share by 25 percent....

Argosy Gaming.
June 1, 2001... May 23, $23.80 Bear Stearns Attractive. After reaching a high of $28.63 in late April, shares of Argosy have declined 20 percent since that time as we believe investors have been taking profits. In our view, fundamentals remain solid...

A closer look THE THINKING PERSON'S GUIDE TO BUSINESS LEADS.
June 1, 2001... How many new customers did you meet last week? If you read last week's issue of the St. Louis Business Journal, you could add 100 names to your list from our section on the fastest-growing firms in St. Louis. Getting the list is the...

Kiku Obata wins 8 American Corporate Identity Awards.(Brief Article)
June 1, 2001... Kiku Obata & Co. has won eight American Corporate Identity awards. The 17th annual national competition received about 4,500 entries. The awards recognize the best corporate identity work in the United States. About 20 percent of the...

Paley named to board for Opera Theatre of St. Louis.(Brief Article)
June 1, 2001... Robert Paley, treasurer of Monsanto Co., has been appointed to the board of directors of Opera Theatre of St. Louis. Charles MacKay, Opera Theatre's general director, said Paley's appointment reflects Opera Theatre's long standing...

15 local jobs cut at Bank of America.(Brief Article)
June 1, 2001... A consolidation in back office tax operations at Bank of America's Private Bank will eliminate about 15 jobs in St. Louis. Mary Jane Block, market executive for the Private Bank in St. Louis, said the workers will be offered other jobs in...

Former comptroller of senior citizen transportation firm pleads guilty to mail fraud.(Brief Article)
June 1, 2001... The former comptroller of a St. Louis-area senior citizen transportation company has pleaded guilty to mail fraud in federal court. Doris Cannady was comptroller of Available City-Wide Transportation, or ACT, a subsidiary of Senior Citizen...

Long before her skis touched the snow.(Brief Article)
June 1, 2001... "Friendship isn't just about good times -- real friendship is often about sacrifice." -- John Burkhart When I was a young fellow, I was headed, unknowingly, toward a very unpleasant social situation... I believe Steve knew about it before I...

...on Cardinals.(Brief Article)
June 1, 2001... It's good to see the Cardinals and the state moving toward a workable solution to funding a new ballpark. However, it's interesting to see the ball club's p.r. machine refer to the owners' offer as "concessions." Indeed, with a Major League...

...on City Hall.(Brief Article)
June 1, 2001... It should be business as usual, but the notion that St. Louis Mayor Francis Slay visited Magellan Behavioral Health's executives to encourage the firm to choose a city site to house its 1,500 regional employees is front-page news. A mayor who...

...on Kmart.(Brief Article)
June 1, 2001... It's time to turn on the blue light and resolve the issue of building a new Kmart in South St. Louis. If there is no sale, the giant retailer as well as the Sansone Group, which is the developer, should be told so. This redevelopment mess has...

Balancing act.(Brief Article)
June 1, 2001... Five Internet trends that will impact you this year Sectors of the Internet economy have cooled off, yet the ongoing impact of the Internet on our business and personal lives is intensifying. These five Internet trends will be critical to...

Letters to the editor.(Brief Article)(Letter to the Editor)
June 1, 2001... CBC's Clayton campus Editor: Your article on the CBC campus stated "Jerry King said that if the city of Clayton wants to generate tax revenue, it must consider allowing some commercial use along Clayton Road." That is inaccurate and...

Visitors Spending More Time and Money in Missouri.(Brief Article)(Statistical Data Included)
June 1, 2001... Missouri vacationers are staying longer and spending more money than ever before. There were 35.2 million visitors to the Show-Me State in the last fiscal year-an all-time record. Seventy-one percent of all travelers came from out of state,...

2000: A Record Year for Tourism.(Brief Article)(Statistical Data Included)
June 1, 2001... Tourism is now a $12.9 billion industry for Missouri, providing one of every 14 Missouri jobs. According to a recent report, Economic Impact of Missouri's Tourism and Travel Industry: July 1999-June 2000, more than 35 million people visited...

"Where the Rivers Run" Takes On New Twist for 2001 Vacation Season.(Brief Article)
June 1, 2001... "Missouri. Where the Rivers Run," now in its fourth year as the Division of Tourism's advertising slogan, has taken on a new twist in this year's television and print advertising campaigns. While the river imagery still figures prominently in...

African-American Marketing Campaign Seeks to "Evolve the Mind, Body and Soul".(Brief Article)
June 1, 2001... In an effort to increase Missouri's share of the out-of-state African American sophisticated leisure traveler, the Missouri Division of Tourism has contracted St. Louis-based FUSE Marketing to develop a comprehensive marketing campaign...

Missouri Rolls Out the Welcome Mat for Hispanic/Latino Tourists.(Brief Article)
June 1, 2001... "iDonde los rios corren!" is the tagline for Missouri's flourishing Hispanic/Latino marketing program. Fiscal Year 2000 marked a milestone for the state of Missouri, which launched a dedicated marketing effort directed at the...

Young Innovations Inc.(establishes credit facility)(Brief Article)
June 1, 2001... Dental equipment maker Young Innovations Inc. has established a three-year, $20 million credit facility to help it fund potential acquisitions, stock repurchases and other investments. The credit facility is with a bank group led by Bank of...

The Boeing Co.(contract with Royal Saudi Air Force)(Brief Article)
June 1, 2001... The Boeing Co. has signed a $50 million contract to provide the Royal Saudi Air Force with its F-15C Distributed Mission Training systems. The contract is the first international sale of the systems, which assist in training aircrews. ...

Missouri-American Water Co.(Brief Article)
June 1, 2001... Missouri-American Water Co. has received approval from the Missouri Public Service Commission for a 4.9-percent rate increase for its 308,000 customers in St. Louis County. The increase, which went into effect May 18, is expected to...

Forest Park Forever.(gets grant to build boathouse in Forest Park, St. Louis, MO)(Brief Article)
June 1, 2001... The Jack Taylor family has given $2.5 million to Forest Park Forever to design and construct a new boathouse in Forest Park. It is being designed by St. Louis architect Laurent Torno of J. Torno Jr. and Associates. The Taylor family owns...

UGS,.(to be purchased by Electronic Data Systems Corp.)(Brief Article)
June 1, 2001... UGS, formerly Unigraphics Solutions Inc., has put together a special committee and has hired Lehman Brothers Inc. and Gardner, Carton & Douglas law firm to review a stock purchase offer from Electronic Data Systems Corp. Plano, Texas-based...

Bond bonanza: Sales hit $5.03 billion.(Sisters of Mercy Health System)(Brief Article)(Statistical Data Included)
June 8, 2001... Sisters of Mercy's $400 million offering is latest in string of deals Sisters of Mercy Health System plans to sell up to $400 million in revenue bonds later this year, the biggest bond issue through the Missouri Health and Educational...

Matthews finds Primary worth a secondtry.(Brian Matthews, PrimaryClick.com)(Brief Article)
June 8, 2001... Once just wasn't enough for Brian Matthews or his Internet team. Matthews merged PrimaryClick.com and Hostirian -- companies headed by two of his former executives -- with his recreated Internet service provider, Primary Networks. ...

SLU's Grand entrance.(St. Louis University acquires Grand Center buildings)(Brief Article)
June 8, 2001... University buys buildings at entrance to Arts District Having expanded the Saint Louis University campus east and south, President Rev. Lawrence Biondi has set his sights on Grand Center, the midtown arts district just north of the main...

Mariah Boats closes plant; 300 lose jobs.(Mariah Boats Inc. closing a surprise)(Brief Article)
June 8, 2001... Jimmy Fulks started Mariah Boats Inc. in 1989 in a temporary garage and quickly built it into one of the largest independent boat builders in the country. News of the demise of Mariah Boats Inc. came more quickly and unexpectedly. Fulks,...

Cashing in.(Anheuser-Busch Companies Inc.)(Brief Article)
June 8, 2001... Anheuser-Busch Cos. Inc. executives Patrick Stokes and John Jacob each cleared millions of dollars after selling stocks picked up at bargain basement option prices in March. Stokes, president and chief executive of the brewing subsidiary,...

Seams great.(Quilted Fox, Frontenac, Missouri)(Brief Article)
June 8, 2001... The Quilted Fox in Frontenac is one of 10 shops worldwide featured in the just-released 2001 issue of Quilt Sampler, a Better Homes & Gardens publication. Owner Louise Georgia opened the shop in 1995, doubled its size a year later to 2,400...

Expanding.(Baron Spices Inc. to add to St. Louis manufacturing plant)(Brief Article)
June 8, 2001... Baron Spices Inc. plans to add 30,000 square feet to its south St. Louis manufacturing plant. Up to $1.4 million of the $1.5 million project will come from a loan financed by a bond issue from the city's Industrial Development Authority. A...