Biz
Hurricanes' Staal, wife pay $1.85M for house
Triangle Business Journal - by Dale Gibson
Carolina Hurricanes star Eric Staal is getting a new garage where he can park his black Maserati.
Staal, an alternate captain for the National Hockey League team, and his wife, Tanya Staal, have purchased a new home in the Chatsworth custom-home community in north Raleigh for $1.85 million, according to Wake County records.
Staal, fresh off his first hat trick of the season Nov. 21 at the RBC Center, likely will have no problem paying the mortgage after signing a seven-year contract extension in September valued at $57.7 million, or an average of $8.25 million a year.
The center was the Canes’ first-round draft pick in 2003, when he was 18 years old.
The three-level stone home was built by KJ Construction Inc. of Raleigh.
Do you miss that old Triangle Transit bus that used to shuttle you to and from work before it got sent to the bus graveyard? Biz has some great news: You can buy that bus!
As it works new buses into its fleet, Triangle Transit has been selling recently retired buses on eBay. So far, the organization has sold 15 ElDorado coach vehicles – 13 on eBay and two to the city of Raleigh. Eight Thomas buses also have been sold on the Web site. All told, Triangle Transit has brought in more than $158,000 from the sales.
Who says government can’t pinch pennies?
Chalk up one more company that has to share in the cleanup costs for the Ward Transformer Superfund site near Raleigh-Durham International Airport.
Georgia Power revealed in a recent regulatory filing that the U.S. Environmental Protection Agency has identified the utility as a potentially responsible party – meaning that at some point in time, Ward Transformer worked on some of Georgia Power’s equipment. Chemicals from the transformers that Ward worked on in the 1970s spilled onto the ground and into the nearby watershed.
There’s a formula for divvying up cleanup costs. Companies that had more equipment at Ward will pay more toward cleanup. With cleanup estimates topping $45 million – and that’s without factoring in what it will cost to clean surrounding streams – parties already on the hook for some of the cost, such as Progress Energy, are looking for help splitting the bill.
Looking for insight into the meltdown in the financial markets? The Duke University School of Law will provide some perspective Dec. 4 with a panel of speakers who will address the impact of the credit crisis on private equity and sovereign wealth funds.
The panel includes Gao Xiqing, general manager and chief investment officer of the China Investment Corp.; Stephen A. Schwarzman, chairman and co-founder of the Blackstone Group; and John A. Canning Jr., chairman and co-founder of Madison Dearborn Partners.
The event will start at 4:30 p.m. in the school’s Star Commons. The discussion is free, but reservations are required. RSVPs should be sent to events@law.duke.edu.
Hurry, act like you’re saving money.
Take a wild guess who showed up at Raleigh’s Coastal Federal Credit Union on Nov. 24.
First, it’s helpful to know the occasion and a bit of history. Nov. 24 marked the 100-year anniversary of the opening of the nation’s first credit union in Manchester, N.H., which brings us to why there was a well-known in the capital city.
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