Oceania Aviation awarded FAA STC for H125 external cargo pod – Vertical Magazine (press release)

Oceania Aviation Limited (OAL), headquartered in Auckland, New Zealand, has announced that its Part 145 manufacturing division, Airborne Systems, has obtained the Federal Aviation Administration (FAA) supplemental type certificate (STC) for its Airbus H125, AS350 and AS355 series cargo pod.

While dozens of Oceania Aviations cargo pods have been actively operating in New Zealand and Canada in heli-skiing, tourism, logging and routine utility operations; Airborne Systems managing engineer, Russell Goulden, is delighted that the much coveted FAA STC has finally been awarded after years of personal effort.

Goulden is no newcomer to developing specialist helicopter role equipment and his expertise has been recognized globally during the development of barrier inlet filtration, external hoisting and avant-garde agricultural spray systems. Goulden has led the Airborne Systems design of the worlds first H125 bike rack (also FAA approved), a H125 pilots seat slider (lateral) for VREF operations and spray systems for both the H125 and MD500 series helicopter.

The fully composite cargo pod utilizes state-of-the-art materials designed for strength and lightness and is the epitome of externally mounted cargo storage accessories for the left side of the H125 aircraft. The OAL cargo pod uniquely features the ability to carry 265 pounds (120 kilograms), complementing the highest internal capacity available.

Airborne Systems first gained Civil Aviation Authority of New Zealand (NZCAA) STC approval for its AS350 series cargo pod in December 2011, followed by the AS355 series in December 2012. Exploiting the U.S./N.Z. bilateral relationship and using the U.S./New Zealand Technical Implementation Procedures, attained the FAA STC on July 7, 2017.

Approvals for the Airborne Systems H125 cargo pod include the Civil Aviation Authority of New Zealand, Transport Canada and now FAA.

Oceania Aviation is a New Zealand owned and operated business with a diverse suite of aviation solutions for fixed- and rotor-wing aircraft. These include aircraft sales, component overhaul, piston and turbine overhaul, maintenance, blade and composite repair, avionics install, and propeller overhaul.

Carrying a CAANZ Part 145, CAANZ Part 148, CAANZ Part 19F and European Aviation Safety Agency Part 145, Oceania Aviation also represents many leading aviation brands such as Robinson, MD Helicopters, Lycoming, Garmin, Continental Diesel, and Bendix King.

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Oceania Aviation awarded FAA STC for H125 external cargo pod - Vertical Magazine (press release)

UPDATE: 2 potential systems brewing in Caribbean, Atlantic – Palm Beach Post (blog)

8 P.M. UPDATE: The showers and thunderstorms associated with a strong tropical wave over the central Caribbean is showing signs of organization, according to the National Hurricane Center in Miami.

Additional development is possible while it moves west-northwest at 10-15 mph, and a tropical depression or tropical storm could form over the northwestern Caribbean before it reaches the Yucatan peninsula late Monday or Tuesday, according to the Hurricane Centers outlook issued at 8 p.m. Theres now a 70 percent chance of formation in the next five days.

Its also possible for a tropical depression or tropical storm to form over the Bay of Campeche during the middle of next week after the system passes over the Yucatan peninsula. An Air Force Hurricane Hunter aircraft is scheduled to investigate the system tomorrow afternoon, if necessary.

Meanwhile, shower activity associated with an elongated area of low pressure about 1,000 miles west-southwest of the Cabo Verde Islands is becoming slightly more organized. Some additional slow development is possible during the next two to three days before the system encounters less favorable environmental conditions during the middle part of next week.

Forecasters put the chance of development over the next five days at 50 percent as the system moves generally west-northwestward across the tropical Atlantic Ocean at about 15 mph.

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The National Hurricane Center dropped the chance of development for a system in the central Atlantic Ocean, but forecasters say they expect some development as it heads toward the Antilles.

The National Hurricane Center is watching two areas for tropical development.

A large area of disturbed weather more than 1,000 miles southwest of the Cabo Verde Islands, and still more than 2,000 miles from Florida, has been given a 30 percent chance of developing into a tropical cyclone by Monday afternoon and a 50 percent chance by Thursday afternoon, the NHC said in its 2 p.m. advisory. The system is moving west-northwest at about 15 mph.

Check The Palm Beach Post storm tracking map

Forecasters are also closely watching a system in the central Caribbean Sea that they say is starting to show some signs of organization, with data showing a small area of winds just below tropical-storm force. The system is moving west-northwest at 10-15 mph, and forecasters say a tropical depression or storm could form over the Yucatan peninsula Monday or Tuesday.

A hurricane hunter aircraft is scheduled to fly into the system Sunday afternoon at this time.

Updated season forecast: 61 percent chance of Florida landfall

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UPDATE: 2 potential systems brewing in Caribbean, Atlantic - Palm Beach Post (blog)

Puerto Rican island is a Caribbean paradise without the frills [column] – LancasterOnline

VIEQUES, Puerto Rico Our family wanted a Caribbean island with the white sand, secluded beaches, aqua water, palm trees, vivid sunsets and great snorkeling, but without wall-to-wall resorts.

Yes, such a place still exists, and it is Vieques, a small island 8 miles off the eastern coast of the Puerto Rican mainland.

We encountered the laid-back vibe as soon as we landed in the eight-seat puddle jumper from San Juan. Exiting the one-room terminal, we walked out the door, suitcases in tow, and were startled to see two wild horses sparring over a mare and foal in the parking lot.

There are some 4,000 free-range horses on the island, and they go everywhere and anywhere, including the main streets in the islands two modest small seaside towns.

The wild horses of Vieques are usually shadowed by cattle egrets, which savor the insects the horses flush when they walk. Sometimes, the egrets perch on the horses back, eating bugs.

A mongoose on Vieques island. The predator from India has played havoc with native wildlife

The remains of the Puerto Ferro lighthouse.

A 300-year-old ceiba tree.

Lounging dogs are part of the open-air restaurant scene in Esperanza on Vieques island.

Clashing clouds during a Vieques sunset.

The wild horses of Vieques are usually shadowed by cattle egrets, which savor the insects the horses flush when they walk. Sometimes, the egrets perch on the horses back, eating bugs.

A mongoose on Vieques island. The predator from India has played havoc with native wildlife

The remains of the Puerto Ferro lighthouse.

A 300-year-old ceiba tree.

Lounging dogs are part of the open-air restaurant scene in Esperanza on Vieques island.

Clashing clouds during a Vieques sunset.

Youll also see dates clip-clopping around town, texting in the saddle. Many of the open-air restaurants in the quaint fishing village of Esperanza have fixtures of dogs on the floor.

Add the unpenned dogs, cats and chickens that also roam as they please, and you may see more animals than the islands 9,000 residents.

The Vieques experience is not for the resort crowd there is only one on the island.

But get yourself a Jeep almost all rentals are Jeeps bounce down lumpy dirt roads, and you have your pick of about two-dozen iconic beaches as found in one of those Corona Find your Beach ads.

The island is a mere 5 miles wide and 21 miles long so youre never far from a new cove, each with its own flavor, color of sand, height of waves and coral reefs.

And then theres Mosquito Bay, the worlds best bioluminescent water where microscopic organisms when disturbed turn each paddle stroke into a silvery streak.

Under a new moon one night in a glass-bottom kayak, we oohed and aahed as a fish zig-zagged away in a shimmering dart.

Its like chasing Tinkerbell, my nephew exclaimed under a sky festooned by the arc of the Milky Way. It looked like shooting stars passing under the glass in our skimming boats. Even the waves were tipped with phosphorescence.

Snorkeling day after day, we lost ourselves in watery worlds following fingers of coral. Reef madness.

Underwater plants bowed to the pulse of currents and sea turtles glided effortlessly through grass beds. I felt like I was floating through a dream.

From our hilltop rental bungalow, we watched daily spectacles where billowy dark storm clouds sailed over outbursts from sunrises and sunsets.

Sunsets on Vieques are spectacular.

All these wonders on Vieques came at a price.

Beginning in World War II, the U.S. military seized the island for bombing practice and to simulate beach invasions. Barbed wire was strung between palm trees and beaches bulldozed. Bombs containing napalm, Agent Orange and radioactive plutonium were dropped over the next 50 years.

After the U.S. bought most of the island from owners of former sugar cane plantations, thousands of self-sufficient islanders with farms and orchards were forced to squeeze into the middle of the island without compensation.

After decades of protests that attracted increasing worldwide sympathy, the island was returned to Puerto Rican control in 2003.

More than half the island was made a national wildlife refuge. No other island in the Caribbean has as much land under conservation.

Though parts of the island still contain unexploded ordnance and are off-limits, the military rule did keep some of the best beaches in the Caribbean from being developed and are now open to the public for free. One morning, we had an entire beach to ourselves.

Environmental degradation goes even further back.

A mongoose on Vieques island. The predator from India has played havoc with native wildlife

Foreign plantation owners brought the mongoose, a predator from India, to control the rat population. The animal controlled ground rats, but not tree rats. With no natural predators of their own, the out-of-control mongoose population has killed many native birds and virtually wiped out snakes.

Yet islanders do not appear to hold a grudge. Several times, locals stopped to offer guidance when I stopped in uncertainty in our Jeep.

There are no friendlier people on the planet, maintains E. Martin Walker, a New York psychologist whose search for an alternative to overdeveloped Mexican beach resorts led him to Vieques 21 years ago.

He arrived sight unseen in a puddle jumper that landed in a field with a cargo container for a terminal. He slept behind a bar his first night.

Now, he spends part of the year in a small house tending to 15 varieties of tropical fruit trees, whose bounty he gives away to neighbors.

I love driving the rough roads that go nowhere because it is impossible to get lost on a tiny island, and breathtaking views are around every corner, he says.

Adds the Rev. Don Bradley, 68, who visited the island from his home in Massachusetts four years ago and has felt the pull ever since, Its just one great place after another.

One morning, on U-shaped Playa Media Luna beach, I spied an islander, face pasted with sunscreen, slowly walking along the beach, picking up flotsam washed in by the sea and stuffing it into a bag.

He walked a long way and when he got close I asked him why he was doing it.

In broken English, he said he does it so that the beach is as it should be.

Panoramic view of a Vieques beach.

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Puerto Rican island is a Caribbean paradise without the frills [column] - LancasterOnline

Royal Caribbean’s Majesty of the Seas Adding Havana, Cuba As Port of Call In 2019 – SpaceCoastDaily.com

Majesty of the Seas homeports in Port Canaveral

Royal Caribbeans Majesty of the Seas will be adding Havana, Cuba as a port of call beginning in March, 2019. The ship homeports in Port Canaveral and accommodates more than 2,700 passengers.

BREVARD COUNTY PORT CANAVERAL, FLORIDA Royal Caribbeans Majesty of the Seas will be adding Havana, Cuba as a port of call beginning in March, 2019.

Majesty of the Seas homeports in Port Canaveral and accommodates more than 2,700 passengers.

The Havana stop will be part of a four-night cruise, including a day at sea, 12 hour stay in Havana, from 8 a.m. to 8 p.m., and then another day and night sailing back to Port Canaveral.

Empress of the Seas is currently the only Royal Caribbean vessel to offer cruises to Cuba. Those cruises began in April of this year.

Empress of the Seas currently operates a 7-day cycle with four night cruises sailing every Monday through Friday, stopping at Nassau, Coco Cay (a private island owned by Royal Caribbean), and one day at sea.

A three-night cruise follows to Nassau and Coco Cay only each weekend.

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Jeremy Meeks and Chloe Green Bring Their PDA to the Caribbean on Barbados Vacation – Entertainment Tonight

Playing Jeremy Meeks and Chloe Green Bring Their PDA to the Caribbean on Barbados Vacation

Jeremy Meeks and Chloe Green are taking their PDA to the Caribbean!

The couple showed off plenty of PDA while vacationing in Barbados on Saturday.

WATCH: Jeremy Meeks Reconnects With Chloe Green In Steamy LA Makeout Session After Filing for Separation From Wife

Meeks and Green both sported printed bathing suits as they held hands during a stroll along the beach. Later, the two heated things up with a makeout session in the ocean.

Photo: MEGA

Photo: MEGA

RELATED: Jeremy Meeks and Chloe Green Flaunt PDA on Beverly Hills Coffee Run

Meeks and Green first made headlines last month when they couldn't keep their hands off each other during a Mediterranean yacht vacay -- while Meeks was still married to his wife, Melissa.

After seeing the photos, Melissa declared that their "marriage is over" and Meeks filed for legal separation upon his return to Los Angeles. Meeks continued to flaunt PDA with Green while Melissa threw shade at the model over social media.

See more in the video below.

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Jeremy Meeks and Chloe Green Bring Their PDA to the Caribbean on Barbados Vacation - Entertainment Tonight

Free Caribbean Cruise – HuffPost

Boy, was I excited or what? Imagine picking up the phone expecting to hear the familiar voice of a friend and instead being informed, by a perky female, that youd won a free Caribbean cruise! I was so tired of the guy with an Indian accent claiming to be Bob from Ohio and offering to fix the Windows computer that Ive never had. But a cruise, warm breezes, margaritas, island girls. Well, it turned out to be not entirely free, but at least the pitch was delivered by a living person.

I said how glad I was that shed called because I lived in an isolated lighthouse and was lonely: did she have time to talk? She paused, then hung up. I guess there were lots of other winners to move down the list to.

To be truthful, Im surprised it took so long to make my phone into an advertising medium. I was used to ads on the TV, the car radio, billboards, magazines, the local newspaper, coasters, shopping bags, and in my mailbox. Plus door-to-door guys hawking religion. Why not the phone, too? And what about the internet?

On the computer screen it was such a relief to find ads increasingly decorating what would otherwise have been plain unaccompanied articles and videos. Sending content out alone is like pushing a kid out the door to make his or her way to school past all the terrorists and sex perverts. It would be un-American to pass a law against calling a number at which you didnt actually know someone or otherwise restricting uninvited solicitations, wouldnt it?

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Free Caribbean Cruise - HuffPost

URI basketball heads to Bahamas on working vacation – The Providence Journal

Bill Koch Journal Sports Writer BillKoch25

SOUTH KINGSTOWN They were celebrated as Atlantic 10 Tournament champions and NCAA Tournament qualifiers the last time the University of Rhode Islands players and coaches appeared in front of their fans at the Ryan Center in March.

Saturday marked what could be the last time those milestones are publicly discussed by the Rams, who held an open practice prior to their six-day trip to the Bahamas this week. URI is actively attempting to turn the page on the season.

E.C. Matthews will be sidelined for precautionary reasons after having his right knee scoped in April. Jared Terrell will return from Adidas Nations camp in Houston and play limited minutes.

It was such a fun year with so many great memories, but weve got a new season upon us shortly, URI coach Dan Hurley said. This is a good reminder.

The fact that they came out early in the morning to see us practice and see what we look like, it was a blessing, Matthews said of the fans. Were going to need them to make a good run this year.

URI officials generously estimated a crowd of about 1,000 on a rainy Saturday morning, a gathering that witnessed the Rams go through their usual offseason drills. Defensive closeouts, transition offense and halfcourt sets were the areas of emphasis, with reserve big man Andre Berry and junior college forward Ryan Preston among the standouts. Both players will be vying for minutes with sophomore forward Mike Layssard and redshirt freshman center Michael Tertsea in a frontcourt that graduated key pieces in Hassan Martin and Kuran Iverson.

These guys are a huge part of whether we can get back to where we were, Hurley said, also singling out returnees Cyril Langevine and Nicola Akele. So much of our focus on the trip and practice has been just bringing these guys along as much as we can this summer.

Matthews and Terrell will be replaced by a deep group of guards that still includes breakout NCAA star Jeff Dowtin, veteran point man Jarvis Garrett, Stanford Robinson and talented freshman Daron Russell. Christion Thompson (right knee surgery) will be sidelined.

Were really going to work on getting guys a lot of minutes who didnt get a lot last year, Hurley said. Well really focus on our frontcourt.

URIs traveling party leaves early Monday for the Atlantis Paradise Island Resort. The Rams are expected to play at least two games, practice at least twice and perform community service at a local school. URI will also enjoy the resorts many amenities, including a formal team dinner and a boat ride before scattering for the final couple of weeks of summer break.

Itll be a nice six-day trip for us, Hurley said. Some sightseeing, some community service, some competition, the chance to practice a couple of times just great team bonding.

We want to do bigger and better things, Matthews said. Obviously what we did last year was good, but we want to set the bar even higher.

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URI basketball heads to Bahamas on working vacation - The Providence Journal

The conch is mostly gone from Florida. Can the Bahamas save the Queen? – Miami Herald


Miami Herald
The conch is mostly gone from Florida. Can the Bahamas save the Queen?
Miami Herald
The queen of the sea, a monster mollusk that inspired its own republic in Florida but now as likely to be found in a frying pan or a gift shop as the ocean floor, is in trouble. A marine preserve in the Bahamas famed for its abundance of Queen conchs ...

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The conch is mostly gone from Florida. Can the Bahamas save the Queen? - Miami Herald

Bound for the Bahamas: The Southern men’s basketball team – The Advocate

The Jaguars are going to paradise.

The Southern mens basketball team traveled to the Bahamas this weekend for a weeklong training session. The Jaguars will play three exhibition games against semi-pro teams in Nassau.

The NCAA allows teams to take a foreign trip every four years. The Jaguars visited Canada in 2013.

Over their five days there, the Jaguars will play the CTG Knights on Sunday, the Providence Storm on Monday and the IBA Elite on Tuesday.

It allows the kids to go see different parts of the world and see how the game is played in other areas, new coach Morris Scott said. For us, it gives us a little advantage. We get to come out and get a lot of days of practice before the season. It also gives us a chance to evaluate the team before anyone else can.

For many of the players, this will be the first time they go outside of the United States, but senior Jared Sam is an experienced traveler. Over the past few seasons, he took part in basketball programs that sent him to China and Croatia.

He said he's excited about this trip, because it'll allow the younger players to see a different style of play, which he said is more physical than what's found in the U.S.

Its basically a bonding trip, Sam said. Maybe we can all come together. Itll be a learning experience. Those (younger) guys can learn a little bit more and then just to go out and play basketball, something we love to do."

The Croatia trip, which Sam took last August, also was an important one for Scott, who received his first chance to act as a head coach, even though it was only for a few days. The trip was formed through an outside group, allowing Scott to coach Sam and former Southern teammate Tre'lun Banks.

Scott said this trip is more important, because it gives him a few games to prepare for the rigors that await in his first season as the Jaguars' coach. Scott was promoted to head coach this spring when Roman Banks accepted the full-time athletic director position.

Its huge, Scott said. Hopefully it'll get a little bit of the jitters out, maybe. Itll be the first time coaching a Division I game, and hopefully get a little bit of (the nerves) out and kind of learn the ins and outs of the team and find out which guys can help and which cant.

Unfortunately for the players, Scott said most of their time in the Bahamas will be spent on basketball activities, not at the beach.

Just to get the chance to leave the United States for a little bit and see something different for a change, said senior guard LaQuentin Collins, who has never traveled outside the country. Im somewhat anxious to get over there and see how it is (to play overseas) and see how this team looks.

Follow Mike Gegenheimer on Twitter, @Mike_Gegs.

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Bound for the Bahamas: The Southern men's basketball team - The Advocate

Mike Watkins Held Back from Foreign Tour in Bahamas – Roar Lions Roar

Derik Hamilton-USA TODAY Sports

Penn State basketball departed ontheir week-longforeign tour in the Bahamas yesterday. The team will get to play three games against professional teams local tothe islands,butthey'll also spend plenty of time soaking in the sun. These tours aren't intended to be any more ofabusiness tripthanavacation for the coaches and players.

However, the program announced during football's media day that one vital player was left behind. Redshirt sophomore Mike Watkins did not travel with the team this week. Ashort statement releasedby head coach Pat Chambers seems to describeWatkins' exclusion asa disciplinary action.

With Watkins already expected to rejoin the team next week upon their return, it's likely this remains an internal matter.But missing out on a once-in-a-lifetime experience at aBahamas resort with your teammates is a strong message to send by the head coach. This is a disappointing setback for a playerwhose progress on the court and in the classroom had been praised over his first two years in the program.

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Mike Watkins Held Back from Foreign Tour in Bahamas - Roar Lions Roar

Penn State men’s basketball set for trip to Bahamas – Centre Daily Times


Centre Daily Times
Penn State men's basketball set for trip to Bahamas
Centre Daily Times
Lamar Stevens is looking forward to competing with his teammates and heading to the beach during the Penn State men's basketball team's trip to the Bahamas. From Friday through Aug. 11, the sophomore forward and the Nittany Lions will play three games ...
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Penn State men's basketball set for trip to Bahamas - Centre Daily Times

Bahamas to Buckets: Buddy’s Inspiring Journey – Kings.com (blog)

With music blaring and the aroma of home-cooked Bahamian food filling the air, anyone and everyone on the block could tell that there was a party going on.

The reason for celebration was simple Buddy Hield had returned home.

After a strong finish to his rookie campaign for the Kings, Hield returned to his native land of The Bahamas to make good on a promise to give back to his home country.

In an effort to fulfill his vow, Buddys Buddy Buckets Basketball Camp & Clinic is in its second year, with an emphasis on presenting youth in The Bahamas with opportunities to grow their game on and off the court.

No. 24s camps were spread over the course of several days on two different islands - one in Nassau, the capital of The Bahamas, and the other taking place in Hields hometown of Freeport.

Between his duties in hosting these camps and coaching up the youngsters, Buddy made it a point to spend time with family and friends in his former neighborhood of Eight Mile Rock. This included a visit to his grandmother, whose house would become the hub for the festivities on his first day back in the community.

Following an introductory press conference held at the very same park that Buddys childhood NBA aspirations stemmed from, Hield declined a ride in a vehicle to his grandmas house, instead opting to stroll through the neighborhood.

As he walked, past memories of home quickly took hold of the guards mind. With each step, Buddy Buckets was pointing out familiar places to friends alongside him, eventually leading to a detour that would shorten his trek.

Upon arrival at his grandmothers house, Buddy was greeted by smile upon smile, with each individuals admiration and affection pouring out with every hug and handshake.

No person in sight went unacknowledged by Hield.

The soon-to-be second-year player would go out of his way to talk to whoever was present. Even as cars would pass by on the narrow street, Buddy met every hand extended out the window with a warm handshake and conversation. The proud son of The Bahamas was home.

While fans of Buddy see him as the basketball star who dominated during his college days or a budding up-and-comer in the NBA scene, those surrounding him at Eight Mile Rock on this humid afternoon saw him as a member of their community who they were just glad to see come home - even if only for a while.

Buddys origins are rooted in humble beginnings for the 23-year-old.

Growing up with six other siblings, Hield shared a bedroom, bathroom, and a bed with all of his brothers and sisters - even waking up before sunrise to ensure he was the first one to bathe or risk getting stuck in a queue and being late for school. His family struggled with poverty, as his mother worked two jobs to keep them afloat. But as much as they saw the struggle in their day-to-day lives, Buddy never stopped loving life.

Despite how hard my mom worked, laughter was everywhere in our house, Hield wrote in his article for The Players Tribune. When I got to OU, people said, Buddy, youre always smiling, whats up with that? And I always tell them where it comes from.

Buddys hoop dreams were spawned at a young age, similar to his fellow players in the Association. However, his hometown of Freeport did not have many options for children to practice their basketball skills - so Buddy took action. He would gather whatever materials he could scavenge to create makeshift hoops that would maybe only last days at a time.

One of his creations still lives on in the backyard of one of his old homes in Freeport, where Buddy stopped by recently to reflect on his craftsmanship and his journey with a simple photo and caption to accompany it.

Once the outdoor court at Eight Mile Rock opened up, it became near impossible to keep No. 24 away from it. Known for his tireless work ethic throughout his young career, it was apparent very early on how relentless Buddy was and remains to be while working to accomplish his goals.

His mother recalls literally having to drive her van onto the court at the park - sometimes past midnight - in order to finally convince Buddy to call it a day and head back home.

He loves basketball, he loved to be out there, she said. Basketball freed him from a lot of pain and a lot of things. It wasnt easy growing up.

Buddys skill combined with his dedication would help propel him into a successful college career - becoming one of the top players in the nation as senior, then into a top 10 selection in the 2016 NBA Draft.

Now, as an integral member of the Kings young core, the future continues to look brighter and brighter in Sacramento, with No. 24 ready for the challenges ahead while motivated by the times of his past.

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Energy Suppliers Find Fresh Lift From Offshore Wind – Wall Street Journal (subscription)


Wall Street Journal (subscription)
Energy Suppliers Find Fresh Lift From Offshore Wind
Wall Street Journal (subscription)
For more than three decades, Gulf Island Fabrication Inc. has built foundations to anchor offshore-oil platforms to the ocean floor. Now, as lower oil prices take a bite out of that business, it is trying to turn that expertise into an edge in a new ...

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Energy Suppliers Find Fresh Lift From Offshore Wind - Wall Street Journal (subscription)

W&T Offshore’s (WTI) CEO Tracy Krohn on Q2 2017 Results – Earnings Call Transcript – Seeking Alpha

W&T Offshore, Inc. (NYSE:WTI)

Q2 2017 Earnings Conference Call

August 4, 2017, 10:00 AM ET

Executives

Lisa Elliott - IR

Tracy Krohn - Chairman and Chief Executive Officer

Thomas Murphy - Senior Vice President and Chief Operations Officer.

Daniel Gibbons - Senior Vice President and Chief Financial Officer

Stephen Schroeder - Senior Vice President and Chief Technical Officer

Analysts

Richard Tullis - Capital One Southcoast

Aloke Agarwal - Phoenix

Operator

Greetings and welcome to W&T Offshore Incorporated Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host for todays call, Lisa Elliott. Thank you. You may begin.

Lisa Elliott

Thank you, operator and good morning, everyone. We are glad to have you join us for W&T Offshore's conference call to review the financial and operational results for the second quarter of 2017.

Before I turn the call over to the Company, I would like to remind you that information recorded on this call speaks only as of today, August 4, 2017 and therefore, time-sensitive information may no longer be accurate as of the date of any replay. Also, please refer to the Companys second quarter of 2017 financial and operational results announcement that WT released yesterday for a disclosure on forward-looking statements and reconciliations of non-GAAP measures.

At this time, I'd like to turn the call over to Mr. Tracy Krohn, W&T's Chairman and CEO.

Tracy Krohn

Thanks, Lisa. So, good morning, everyone and thanks for joining us today. With me this morning is, Tom Murphy, our Chief Operations Officer, Danny Gibbons, our Chief Financial Officer and Stephen Schroeder, our Chief Technical Officer as they will be available to answer questions later on during the call.

So, before we review our second quarter results, Id first like to update you on the Ocean Energy Management issue which we expect to have completely resolved in a few weeks. On June 28, the BOEM filed a Motion with the Department of the Interior to rescind its four orders issued in 2016 that instructed us to provide additional supplemental bonding of $260.8 million. And on June 31 excuse me July 31, the DOI demanded the orders back or excuse me remanded the orders back to BOEM which is the first important step to the BOEM reversing or rescinding the bonding requirements.

So we anticipate that sometime this month necessary steps will have been taken to allow the BOEM to rescind the orders. When this does occur, we will make an announcement accordingly and hopefully put this behind us. So we are very pleased with both our financial and operational results in the second quarter. Production was in line with our expectations and was up modestly from last years second quarter and from the first quarter of this year.

We produced 3.9 million barrels of oil equivalent or 43,848 Boe per day. Oil and liquids represented about 58% of production which was also up slightly. Undoubtedly, weve continued to drive down our lease operating expense, or LOE rather which declined $5.1 million or 14% compared to last year and down $8.6 million or 22%, compared to the first quarter of this year.

Weve been very successful at reducing our base LOE for the last two years. So our base LOE which does not include variable operating cost such as insurance premiums workovers cost and facilities maintenance costs was $26.7 million in Q2 2017 compared to $30.7 million in Q2 of last year and $34.5 million in Q2 2015.

By driving down base LOE, weve greatly improved our operating margins. So in addition to managing our base LOE down, which weve also been able to significantly reduce our insurance premiums. Most variable element of our operating cost is our workover faculties and maintenance expenses which were much lower in the second quarter.

As a result, our LOE was well below our guidance for Q2. We may see an increase in this cost during the third quarter, but this will be somewhat weather and storm dependent because absence storm downtime weather is normally pretty good in the third quarter. So the better the weather offshore, the more work we can get done.

Regardless, we are projecting a very good operating expense outcome for the full year with the midpoint of our guidance at a $157 million for 2017, which is down a full $12 million from our expectations in guidance at the beginning of the year.

Our estimated production volumes for the third quarter include an allowance for unexpected storm and weather-related downtime of about 3,000 Boe per day. Additionally, we had anticipated that 12 million cubic feet per day recompletion of higher than 22, and oil is only generated at a rate of 2600 Mcf per day.

Third quarter production is predicted is projected to be somewhat lower than our second quarter volumes before ramping back up. In the fourth quarter, with the 87 wells behind of these other wells, will have an impact on our production. We believe this to be a conservative estimate of our production for the rest of the year.

The combination of slightly higher production volumes in Q2 along with a much reduced LOE resulting in EBITDA margins that we havent seen since oil prices were more than twice what they are now. In the second quarter, we generated adjusted EBITDA of $72.6 million, up 31.8 million over the same period in 2016, and an adjusted EBITDA margin of 59%, up from 41% in the same period last year.

So excluding special items, our adjusted net income was $31.1 million, and our earnings per share were $0.22 per share. We have clearly turned the corner this year and are generating solid bottom-line results. Our mid-year 2017 SEC proved reserves or 1P was 74.4 million barrels oil equivalent of which 56% was liquids, up slightly from the year end 2016.

The increase in proved reserves is more than sufficient to replace production proved developed producing reserves increased almost 6 million barrels oil equivalent or 13% compared to year end 2016. The present value of our reported SEC proved reserves discount at a 10% was $955 million or a 27% increase from $754.9 million at year end 2016 and thats due to upward revisions of previous estimates and higher average prices.

We continue to offset most of the natural production declines or asset base, so a substantial portion of this comes from our Mahogany Fields. In April at Mahogany we placed the A-16 well on production which reached a peak production rate of 1625 barrels of oil equivalent per day, thats about 83% oil.

At the end of the second quarter, we completed the A-8 well which is still on completion full back and we expect to in a position next quarter to talk about the A-8 well reserves.

Most of the excuse me both of these test wells were lower cost and low risk wells drilled to more fully exploit the T-sand. That continues to be an amazing another source and the main producer of Mahogany. To-date, the T-sand has contributed approximately 75% of Mahogany Field Q production of almost 45 million barrels of oil equivalent.

So our next Mahogany well, the A-17 is targeting the deeper T-sands for testing and hopefully expanding the further limits of that sand in the field. Operations have recently commenced on the oil and we are looking forward to seeing these well results which we expect in the fourth quarter.

So in addition to the primary T-sand to our A-17 holds additional opportunities with some other interesting potential for stacked pay above the deeper T-sand. The A-17 could be a high impact well for the company with the potential to materially expand the Mahogany field volumes and value. It is possible that the P-sand could prove to be an even larger and more liquid reducer than the T-sand.

So assuming success, the A-17 well could be on production during November and we expect it to make a meaningful contribution to our year-end production exit rates. So as a reminder, our A-18 well at Mahogany was completed in the T-sand and placed on production in mid-January of 2017.

So that well reached the peak initial production of around 5100 barrels of oil equivalent per day and cumulative production so far has already exceeded three quarters of a million barrels of oil equivalent production since it came on line.

The Mahogany Field 2 reservoir was the primary contributor to the meaningful increase in our mid-year 3P reserves with a 48% increase in volumes or 80 million barrels oil equivalent and a 73% increase in value or $1.3 billion from year end 2016. This significant appreciation of 3P reserves is an indication of upside potential if the nominal values exists for this field.

From the Ship Shoal area, we have mobilized the platform linked to our Ship Shoal 300 Field to commence drilling the B-5 well. This seismic led us to map some strong amplitude features in multiple stacked pay intervals in an undrilled fault block, very close to some excellent offset production wells in the field.

Assuming the B-5 well is successful, wed expect to have it on production in the October, November timeframe. W&T operates this well with a 79% working interest and we expect wells with cost of about $8.4 million to drill and complete. So in line with our project selection and hydrating criteria, we expect this well to provide fast payback of under a year and a half.

The well holds the potential for a significant stacked pay with upside cases realized and can trigger a follow-up of the further increase reserves and value. And, we assume we would in that case, we will drill the next well. So we recently added two relatively low risk exploration wells for 2017 drilling program with one at South Timbalier 224 and another at Main Pass 286.

The well at South Timbalier 224 is a shelf-exploratory opportunity located in 170 feet of water near existing infrastructure which is expected to spud in the fourth quarter. W&T operates and holds a 39% working interest, if successful, the South Timbalier 224 well can be tied back to any number of by existing production platforms and placed on production quickly and hopefully cost-effectively and they also spur additional follow-up drilling opportunities on our acreage.

The well at Main Pass 286 is also an excellent exploratory shelf. This is an open water location. It wont be drilled off with the platform. So its 300 feet of water that is near existing infrastructure owned and operated by W&T. Again the prospect exhibits strong seismic amplitude features helping to derisk the opportunity. Drilling will likely begin in the fourth quarter of 2017 and W&T holds a 100% working interest in the prospect.

So, as we previously mentioned, weve planned to commence our Phase 2 drilling program in our Ewing Banks 910 Field area which follows our very successful Phase 1 drilling program when we drilled and completed two successful wells about a year ago from our Ewing Banks 910 platform.

Phase 1 wells have contributed to the increase in production in the field. Phase 2 is scheduled to begin in the fourth quarter. We will include two new low risk exploration wells which are planned to be drilled and produce in the South Timbalier 311 platform.

These are both low-risk, stacked pay prospects that can be put on production quickly reducing cycle time and advancing project economics. The Viosca Knoll 823 "Virgo" Field, we have a two to three well program planned to commence later this year with production contributions expected in 2018.

So these low-risk exploitation wells with strong risk reducing seismic attributes coupled with nearby well control and logs, especially essentially have good adding place. These wells can be drilled from the existing platform and can be brought online again relatively quickly.

Weve made great progress and our amendment program over the last few years is assumingly complete all the projects planned for 2017. ARO expenses next year could drop to around the $10 million mark from around $80 million this year. So our total liquidity was $255 million on July of 26, 2017, that included a cash balance of $105 million.

So as we indicated in the last quarter, compared with the quality of solid growth opportunities in the Gulf of Mexico right now we will review in a number of strategies to find opportunities to enhance our growth prospects.

As we mentioned previously that we have engaged agency folks to help us create a drilling and acquisition fund. We are gaining traction in this process and expect that positive news in the not too distant future.

So with that, operator, we can open up the lines for questions.

Question-and-Answer Session

Operator

Thank you. [Operator Instructions] Our first question comes from Richard Tullis with Capital One. Please proceed with your question.

Richard Tullis

Hey, thanks, good morning everyone.

Tracy Krohn

Good morning, Richard.

Richard Tullis

Tracy, it sounds like good news potentially on the way from the BOEM. Once that order would be rescinded regarding the supplemental bonding, where do you expect total bonding cost, say in 2018 to be versus what it is currently? Any change there?

Tracy Krohn

No, no change. We might actually see a reduction in it.

Richard Tullis

Okay, good, good. From a follow-up, WT has done a good job over the years of drilling the sub-salt wells at Ship Shoal, do you see the opportunity to kind of transfer that success and knowledge to other fields where you have sub-salt prospects?

Tracy Krohn

Absolutely.

Richard Tullis

Could you elaborate a little bit? Do you expect to start drilling some of those, say, in 2018? And where might those be?

Tracy Krohn

We are a little bit variable on the timing right now as we get a little bit close to that, I will be able to reveal that to you. We are keeping that a little closer to this right now.

Richard Tullis

All right. Thanks a bunch.

Tracy Krohn

Thank you, Richard.

Operator

Our next comes from Aloke Agarwal with Phoenix. Please proceed with your question.

Aloke Agarwal

Tracy, Danny, great quarter all around. Now that, now levels are back up, how are you guys thinking about the capital structure? You have these 2019 bonds coming due and in the past, you had talked about an exchange. I was just curious what you think here?

Tracy Krohn

I dont know exactly. I dont recall exactly what I talked about in regard to an exchange on the 2019 bonds, I believe thats exactly correct. I expect to generate enough cash to paying off.

Aloke Agarwal

Excellent. Thats good news and just as a quick follow-up, on the last call, I believe you had talked about 2017 plugging an abandonment coming in a little bit lower. Its not still the case?

Tracy Krohn

Yes, I think so. Hopefully, we dont have too many storms out here and we should be pretty close to our estimate if we have some more storm activity then naturally that will get - that will be a little bit volatile, it will be deferred into the following year.

Aloke Agarwal

And my last question is, just on the tax refund, the $69 million, is that expected to come in next year?

Tracy Krohn

Yes.

Aloke Agarwal

Thanks for taking all the questions. Good luck

Tracy Krohn

Good.

Operator

We do have another question. Its from Richard Tullis with Capital One. Please proceed with your question.

Richard Tullis

Yes, Tracy, I thought I jump back in.

Tracy Krohn

Sure.

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W&T Offshore's (WTI) CEO Tracy Krohn on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha

Taiwan’s 1st offshore wind farm to boost capacity 1500% by 2019 – Focus Taiwan News Channel

Taipei, Aug. 6 (CNA) Taiwan's first offshore wind farm off the coast of Miaoli County has generated 6.5MW as of late July since the launch of commercial operations in April, with capacity expected to grow to 120MW by 2019, according to local company Swancor Renewable, the lead developer for the project.

The wind farm project -- Formosa I -- is one of the three projects supervised by the Ministry of Economic Affairs' Bureau of Energy as part of its stated goal to install 1,000 wind turbines by 2030, in support of the Taiwanese government's plan to produce 4GW of electricity through offshore wind.

Two 4MW wind turbines with a capacity of 8MW were installed in November 2016 under the first phase and became operational in April 2017. The second phase involves the addition of another 30 turbines with a combined capacity of 120MW. Construction on phase two is expected to start in 2019 and begin commercial operation in the same year, according to Swancor Renewable.

Formosa II, which will be located off Miaoli, will have a planned capacity of 300-500MW and is expected to pass environmental impact assessment and obtain a commercial operating license in 2017.

Formosa III, which is located off Changhua County, has a planned capacity of 1,900 MW and is also expected to pass the environmental impact assessment and obtain a commercial operating license in 2017.

In addition to offshore islands, such as Penghu, the areas with the greatest wind energy potential in Taiwan are mainly along the western coast where wind speeds can reach an annual average of 6 meters per second, according to a study commissioned by the bureau.

The study shows that good spots for wind power electricity generation in northern Taiwan are mainly to be found in areas from Dayuan to Hsinwu in Taoyuan, Hsinfeng to Hsiangshan in Hsinchu and Houlung to Yuanli in Miaoli.

The entire coastal area of central Taiwan, from Tunghsiao in Miaoli, through Tachia, Wuchi and Tadu in Taichung, to Changhua and Mailiao are all suitable for wind power generation, according to the study.

In the south, coastal areas in Chiayi and Tainan, as well as Kenting in Pingtung are all areas with high wind energy potential, according to the study.

In addition to Swancor Renewable, Denmark's largest energy firm Dong Energy is developing offshore wind sites in the Changhua area.

(By Pan Chi-i and Evelyn Kao) Enditem/AW

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Autonomous Boats Will Explore the High Seas by 2025 – The Merkle

Manycompanies are currentlydevelopingdriverless cars. We have also seen driverless trucks, although they are still in the very early stages of development. It sounds like we will also have autonomous boats in the future. That is simultaneously a very interesting and a scary trend. Self-driving container ships will soon be swarming the oceans, by the look of things.

It is not the first time we have seen companiesexploringthe opportunities provided by driverless boats. There are thousands of cargo ships crossing the oceans at any given time, so automation makes sense. Automation can improve efficiency, productivity, and cut down on overall costs. Less happily, itwill also lead to job cuts if these trials are successful. Suchis the double-edged sword of technology.

Autonomous boats may take longer than many people think. The shipping industry certainly coulddo with some innovation right now, sincethings have not changed all that much over the past few years. Additionally, it seems thatcargo shipshavebeenbeing scrapped a lot sooner than originally assumed, which creates an adverse effect on the industry as a whole. Additionally, company losses due to mismanagement or bankruptcyis a major problem.

If things go according to plan which hardly ever happens we may see the first remotely-operated vessels in operation by 2020. This will only be testing in closed waters rather than exploring the open sea. It will take an additional three to five years until the latter happens. Unmanned ocean vessels will eventually become more common over time, assuming that they can be perfected to some degree in the coming years.

Ships have had autopilot features for quite some time now. Thesefeatures have evolved substantially over the past few years, growing out to become a full-fledged autopilot feature which requires GPS coordinates to work successfully. However, thisis still a far cry from successfully automating travel from one port to another. It appears that will change very soon, and most believe that autonomous shipping is the future of the maritime industry. Smart ships will not necessarily be the same as smartphones, but theirimpacts could be quite similar in the end.

Indeed, some real progress can be made now that thefoundations for autonomous ships are in place. While they may not necessarily be seaworthy please pardon the pun they do exist and are ready to be improved upon. No groundbreaking technology needbe built from the ground up. That will significantly speed up the process of bringing autonomous ships to life. The required sensor technology is commercially available and the algorithms are close to being finished.

The big question remains why we need automated seafaring, or whetherwe do at all. Safety is one reason to explore this option, as are efficiency and cost reduction impacts. With no crew to accommodate, ships can become lighter yetoffer more cargo space at the same time. We may see a major revolution in the way autonomous ships are designed as well.

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Autonomous Boats Will Explore the High Seas by 2025 - The Merkle

Take to ‘High Seas’ with new Indian Land mini-golf course opening soon – The Herald


The Herald
Take to 'High Seas' with new Indian Land mini-golf course opening soon
The Herald
High Seas Miniature Golf at 10001 Charlotte Highway will feature a pirate-themed course. The nautical theme is designed to look like a deserted island, and includes 18-holes in and around a pirate ship, a waterfall, tree houses and several lagoons.

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Take to 'High Seas' with new Indian Land mini-golf course opening soon - The Herald

Forget a Hotel RoomYou Can Rent These Private Islands for Just $300 a Night – Reader’s Digest

Space-kraft/Shutterstock

Planning an affordable family vacation can be stressful, whether its for two people or 20. Sure, you could shell out a few hundred bucks for theaverage hotel room or you can rent a private island for practically the same price. (And this guide will tell you the best time of year to travel to these major cities.)

No, were not kidding. You can actually bookyour very owntropicalparadise for as little as $300. Thanks to HomeToGo, a global holiday rental website, we have a comprehensive list of incredible (and rentable!) private islands that wont break the bank.

You wont even have to leave the United States to experience thevacation of your dreams. Just plan a road trip over to the Colleton River Plantation in South Carolina, where 150 acres of uninterrupted nature await you for as little as $307 per night. Or jump across the ocean to Belize, where you can stay ina paradise surrounded bycolorful fish galoreand crystal clearwaterall for the price of $435.

A charming littlecottage at Ship Channel Cay in the Bahamas could be yours for just $450 per night. The price includesa full-time island service team, too.And if youre willing to splurge, a fully-staffed, 18-person private island in Belize is currently going for $5,000 a night.

Forget a pricey cruise or holiday villa. These exotic getawaysare perfect for your next birthday bash, wedding party, or summer family reunion.(And if the island life isnt for you, try any of these affordable destinations for a family vacation.)

Ready to book your flight now? Dont miss the best date to get cheap airline tickets this summer. (Its no longer Tuesday!)

Source: Insider

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Forget a Hotel RoomYou Can Rent These Private Islands for Just $300 a Night - Reader's Digest

Celebrate Eid at Niyama Private Islands – Trade Arabia

Niyama Private Islands in the Maldives invites guests to celebrate Eid Al Adha and experience natures paradise with a luxurious island getaway.

Launching its brand new 'Stay Longer' offer in time for the holidays, the longer guests stay at the idyllic Indian Ocean resort, the more they save. Travellers can enjoy an incredible 40 per cent off the room rate, a free upgrade to half board and complimentary 60-minute treatment for two at the award-winning Niyama Spa. All they need to do is simply book a stay of at least two nights online before September 30 and treat themselves and loved ones to a five-star castaway experience this summer while enjoying incredible savings.

With its 134 beautifully appointed studios, suites and pavilions dotted across Niyama Maldives two pristine islands, Chill and Play, the package offers travellers the luxury of choice and is created specially for Middle East-based families and jet-set couples.

With nine dining destinations, including tree house restaurant Nest and the worlds first underwater playground Subsix, guests can enhance their stay with surreal gastronomic experiences.

Young VIPs will adore the Explorers Kids Club with its range of activities including nature expeditions around the tropical isles to MasterChef classes while adventure-seeking teens and adults will be inspired by the resorts excellent water sports such as surfing, scuba diving and jet-skiing. Wellness devotees looking to indulge in a spot of indulgent pampering can retreat to the tranquil Niyama Spa while enjoying the crystal-clear turquoise sea views from the six overwater treatment rooms.

Rates start from Dh2,086++ ($567.7) per night for two adults and two children.

Getting to the island has also become more affordable with the newly opened Dhaalu Airport, located in Kudahuvadhoo Island. Round trip flights inclusive of a speed boat transfer are priced at $370++ for adults and $175++ for children. Alternatively guests can take an exhilarating 40 minute sea plane journey priced at $560++ for adults and $280++ for children. VIP Private Charter flights are also available for the discerning travellers desiring the highest levels of privacy and exclusivity.

Promotion includes: 40 per cent off the room rate Daily breakfast and set dinner for two persons One rejuvenating 60-minute spa treatment for two during your stay.

For more details, visit the hotel website. - TradeArabia News Service

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Grow a diverse economy: Tracking metrics will help Topeka leaders determine the right path – Topeka Capital Journal

Strategic work on economic development in Shawnee County pinpointed multiple issues, from a decreasing population to needed improvements in the communitys workforce, or talent pipeline.

City and county leaders track those and other factors as they set policies and goals for the community, said Matt Pivarnik, president and CEO of the Greater Topeka Chamber of Commerce and GO Topeka. Officials use more than 45 metrics to take Topekas pulse in wide-ranging arenas, from workforce to job creation to items that focus on quality of life.

I actually think metrics are the key to success, he said. Anybody can use activity to make it look like theyre busy or that theyre successful. I think metrics are something to aspire to. They will also be benchmarked against other communities and benchmarked against the economy.

The City of Topeka is working to create appropriate benchmarks for many of the numbers it tracks to keep an eye on how the city is faring, said Nickie Lee, Topekas director of finance and administrative services.

We dont have a formal benchmarking program right now, she said. Ive got a network of finance directors that around budget time, well say: Hey, were forecasting a growth of 2 percent. Where are you guys at?

Creating change through focusing on economic factors such as population growth can be a tough goal. Even in the Market Street report, the writers said population change is not a reliable indicator of a communitys success or future prospects. But fitting into the population growth category are like migration patterns, age dynamics and educational attainment. Each of those can be tracked and targeted with specific programs to effect change, Pivarnik said.

Under each pillar highlighted in the Market Street report are multiple metrics that move the needle on issues, he said, and its often those metrics that officials target as a way to make change. No matter what, theyre a way of taking responsibility and assessing progress.

Were looking to apply smart, specific, measurable, agreed-upon, realistic and timebound metrics, and I think it gives you as a reporter, our elected leaders, even our citizens, it gives them the ability to hold us and the community accountable for the plans that were implementing, he said.

Matt Pivarnik, president and CEO of the Greater Topeka Chamber of Commerce and GO Topeka.

Topeka interim City Manager Doug Gerber said metrics the city uses and tracks tie in to Momentum 2022.

I think you have to be intentional about everything you do, he said. Yes, youre intentional about attracting people, but you do that through other measures. Theres a big focus right now on quality of life, and what does that even mean. We can do things that impact quality of life, and thats one intentional way we can get toward population growth.

Metrics are tools that provide measures, goals and accountability; they have to be used as such, Pivarnik said.

Lets say we set a metric to create X number of jobs paying X dollars a year or higher. And then in 2019, we go into some deep, deep recession, Pivarnik said. Itll be important to look at that recession and look at that metric, and say: This was set in 2017 when we didnt anticipate a recession in 2019. So obviously, we need to do a mid-course correction and look at that. It gives you something to shoot for.

Quality of life and quality of place are consistent terms in Momentum conversations. Many of the economic measures and issues highlighted in the Market Street report can affect those elements, Pivarnik said.

Approaching concepts such as quality of life through the economic metrics that are part of city strategies, though, creates an interesting debate.

From a resource allocation standpoint, I think that is still a huge debate about how to put that concept into money, Lee said. Generally, its easy to say quality of place is great, we need to improve it. But when it comes down to it, are we as a city willing to spend more money on what you call quality of life issues than public safety, streets, kind of the basics of what cities have always provided? I think cities everywhere are having that philosophical debate is quality of life a basic city service?

The city of Topeka did add quality of life to the list of budget priorities, she said.

Theyve made that first step to say when we talk about what the city wants to do, were going to include it on the list, which goes a long way, Lee said. But have you put that to dollars?

The challenge is translating what (the numbers) show us and what the gap is into some sort of concrete action, said Gerber, adding that city staff are very in tune with numbers they track.

Weve been having a lot of conversations about our streets, he said. Thats one major way we can impact quality of life. Theres a lot of things from the city perspective that we can do to make sure that our buildings are safe, we have good public safety services, other code enforcement efforts are up to date. From a city perspective, its a really holistic approach as well.

Below are a few of the metrics area leaders use to effect change in the capital city:

Revenue indicators: Property tax, sales tax, franchise fees, water fees and waste water fees are all categories of revenue that Lee follows closely. While its important to make sure they all stay with positive growth, it can be challenging to actually change them.

Take, for instance, the franchise fee, which Lee said hasnt been growing at the rate projected, even though the category is up 1.98 percent as of the citys May 2017 report. The franchise fee is essentially a pass-through tax meaning its a tax collected by one entity and passed directly to another collected by utilities at the rate of either 5 or 6 percent, Lee said. Its volatile based on weather and utility rates.

But policies can effect revenue. The property tax can be affected by things like the Land Use Growth Management Plan, the citys plan for growth, Gerber said.

Thats an intentional strategy that was adopted at a policy level by the governing body that says this is how we want to grow, he said. You can really stretch that and say it ties into being good stewards of what we already have rather than extending services to places they dont necessarily need to be the ultimate environmental policy.

Building permits: Lee said the city tracks building permits and other licensing, and they can have an impact on several categories.

We can have a good process, she said. We can help that business get up and going so they can generate sales tax.

Business visits: Jackie Steele Carlson, vice president of business retention and expansion at GO Topeka, said she tracks and sets goals for how many businesses her department visits. Those arent just businesses shes trying to draw to the area, but those already in existence. The visits help her gather insights into what companies need, and shes able to bring that information and data back to elected officials and other leaders.

We look at what capital investments that the businesses are making, how many jobs are we creating, whats the average wage of that job, she said. The part thats probably hard to control is the target. We would like to have three expansion projects this year, which is kind of an unknown we cant really control.

Pivarnik said capital investment is an important number to know.

When you find a company that is making capital investments, it is actually probably the strongest indication of their commitment to a community, he said, adding that on-site company visits are critical to communication and helping companies work on potential issues they might have with expansions.

Average wages: Molly Howey, vice president of business development and attraction at GO Topeka, said shed like to move the needle on the countys average wage.

As we work with prospects and talk with them about their incentives, we do encourage them to pay competitive rates, she said. They have the data that shows what the averages are for their industries.

Steele Carlson said Kansas state government can play a key role in incentivizing people to increase their wages because their incentives are largely tied to income taxes.

The company can get a bigger incentive because theyre paying better, Steele Carlson said.

Education and workforce: The development of a top workforce to address business needs is critical, said Barbara Stapleton, vice president of workforce and education at GO Topeka. Although she tracks employment figures and unemployment, most of the focus is on education.

Were looking to train lifelong learners, she said, adding that her focus is cradle to career, from kindergarten to technical education to college. Such an extensive focus means everything from reaching out to high school students to introduce them to job opportunities to working with employers on workforce needs.

Forge, a new young professionals organization, is a workforce initiative, as is Included, a new diversity and inclusion initiative, said Pivarnik. Workforce is impacted by the same quality of life issues discussed previously.

Were trying to move a metric, and grow a population and grow our available workforce, he said.

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Grow a diverse economy: Tracking metrics will help Topeka leaders determine the right path - Topeka Capital Journal