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Liberty Road residents press council on Fishline

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POULSBO Residents of Liberty Road off Viking Avenue are showing no sign of halting their opposition to North Kitsap Fishlines use of the road, and maintain that the added traffic will pose a safety hazard, among other complications.

I think the city of Poulsbo is required to look out for the safety of the residents of Poulsbo, said Tom Wenning at the City Council meeting Jan. 15.

You cannot have 150 cars a day on Liberty Road and expect it to be just as safe as it is now, he said.

North Kitsap Fishline, a non-profit food bank, is in the process of moving into a location at Viking Avenue and Liberty Road a 1.7-acre site formerly home to Poulsbo RV.

To access Fishline, drivers would turn off of Viking Avenue onto Liberty Road, and then immediately into the food banks parking lot. There is access to the lot directly off of Viking Avenue, however, it has been blocked.

Wenning came to the City Council meeting, along with nine of his Liberty Road neighbors, to continue opposition to Fishlines access to the road. Wenning initially sent a letter to the city on Dec. 4, complaining that the added traffic equals a safety risk and arguing that emergency service personnel will have difficulty accessing the neighborhood.

Responding to Wennings letter, the city engineering department launched an investigation into the matter and determined that no deficiencies would result from Fishlines use of the road and that the roads are sufficient for emergency services to use.

The engineering department also noted that the city has no legal nexus to impose conditions on Fishline, meaning that the food banks access on Liberty Road is part of its property, and it therefore has a right to access the road.

But the findings did not deter residents.

Len Toyne read a statement from his neighbor who could not attend the meeting.

Originally posted here:

Liberty Road residents press council on Fishline

Liberty Global to Revamp Businesses – Analyst Blog

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According to a recent Bloomberg report, Liberty Global pl c. ( LBTYA ), a leading cable TV operator in Europe and Latin America, may consider a decision to spin off its Latin American operations. Liberty Global's Latin American operations include VTR Internet and wireless businesses in Chile and its 60% share in Liberty Cablevision of Puerto Rico.

Liberty Global is trying to extensively penetrate the European region with its bundled video, voice and Internet (data) services. The European markets are still relatively untapped for this unique triple-play offering.

Currently, the company is negotiating to acquire full control of Ziggo N.V., the largest cable MSO (multi service operator) in Netherlands. At present, Liberty Global holds a 28.5% stake in Ziggo. The financial terms on which the two entities are currently negotiating for the remaining 71.5% stake of Ziggo are yet to be disclosed. Ziggo competes with telecom operators such as Royal KPN N.V. and Vodafone Group plc. ( VOD ).

Liberty Global has become the largest cable TV operator in Germany after its acquisition of UnityMedia GmbHand Kabel Baden-Wuerttemberg GmbH & Co KG. The company already has a strong presence in the Dutch cable-TV market through its UPC Broadband Holding BV unit, which is the second largest cable MSO in the country. The company currently holds a 58.4% stake in the Belgian cable TV operator Telenet Group Holding NV.

In Jun 2013, Liberty Global acquired a 100% stake in the British cable MSO, Virgin Media. In the U.K., the merged entity poses serious competitive threat to British Sky Broadcasting Group plc and BT Group plc. ( BT ). British Sky Broadcasting Group is the largest pay-TV operator in the U.K. and is partially controlled by News Corp. ( NWSA ). Currently, Liberty Global carries a Zacks Rank #2 (Buy).

BT GRP PLC-ADR (BT): Free Stock Analysis Report

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Liberty Global to Revamp Businesses - Analyst Blog

Liberty-Comcast JV to Build Philly Tower – Analyst Blog

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Liberty Property Trust ( LRY ) and Comcast Corporation ( CMCSA ) have collaborated to build a 59-story, 1,121-foot tower in Philadelphia. This tower - Comcast Innovation and Technology Center - will be constructed adjacent to the existing Comcast Center and is expected to be the nation's tallest building outside New York and Chicago.

The joint venture, in which Comcast has an 80% stake and the rest is owned by Liberty, will develop this tower with an investment of $1.2 billion. The property will be managed by Liberty. Designed by Lord Norman Foster, the tower will be developed on the 1800 block of Arch Street in Center City Philadelphia and will include a Four Seasons Hotel. It will also be occupied by the local broadcast television stations NBC 10/WCAU and Telemundo 62/WWSI.

The construction will start this summer and is projected to be accomplished in the fall of 2017. An initial lease would be executed by Comcast for a term of 20 years for at least 75% of the rentable office space or 957,000 square feet. Encouragingly, thousands of jobs and billions of dollars of economic activity are expected to be created in Philadelphia for this project.

As a matter of fact, Liberty Property is boosting its portfolio base through the repositioning program. Recently, the company reaped $367.7 million as proceeds by selling 49 properties aggregating around four million square feet of space and 140 acres of land.

These 49 properties are among the 97 properties that the company had earlier disclosed of selling. The sale of the remaining assets is slated to be accomplished by late Jan 2014. This remaining disposition is expected to fetch $329.6 million as proceeds.

Going forward, we believe that the repositioning efforts by Liberty through strategic acquisitions, JV investments and dispositions would help the company ride on the growth trajectory. While the dispositions result in a near-term drag to profitability, we believe these provide the wherewithal to be invested in acquiring and developing premium assets that go a long way in enhancing the top line.

This Pa.-based real estate investment trust (REIT) - Liberty Property - currently has a Zacks Rank #3 (Hold). Investors interested in the REIT industry may consider stocks like Getty Realty Corp. ( GTY ) and Pebblebrook Hotel Trust ( PEB ). Both these stocks carry a Zacks Rank #1 (Strong Buy).

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Liberty-Comcast JV to Build Philly Tower - Analyst Blog


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