Business

Business
1:42 pm
Sat January 5, 2013

Planet Money: LeBron James Is Underpaid, and That's Good

Ronald Martinez Getty Images

Originally published on Mon January 7, 2013 5:10 pm

LeBron James, the best basketball player in the NBA, makes $17.5 million a year. He is the most underpaid professional athlete in the world today.

On today's show, we explain why LeBron is getting hosed — and why that's probably a good thing for NBA fans, team owners, other pro players, and even LeBron himself.

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Business
3:59 pm
Thu December 20, 2012

Delays, Parking Restrictions Take Wing at Tampa International Airport

Tampa International Airport terminal

The nasty weather in the Midwest is taking its toll on flights here. Several flights have been canceled at Tampa International Airport. Airport communications manager Christine Osborn:

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3:33 pm
Fri December 7, 2012

Former Publix President Mark Hollis Dies at 78

Mark C. Hollis, retired president of Publix Super Markets Inc. and the company’s director emeritus, died early this morning at Lakeland Regional Medical Center, according to Publix officials. He was 78.
LAKELAND | Mark C. Hollis, retired president of Publix Super Markets Inc. and the company's director emeritus, died early this morning at Lakeland Regional Medical Center, according to Publix officials. He was 78. The Lakeland native spent almost 60 years working for Publix, beginning in 1946 as a 12-year-old when he bagged potatoes.
Business
3:44 pm
Wed December 5, 2012

St. Pete City Council to Vote on "Lens" Pier

Lens design for the St. Petersburg Pier.

The battle over a new St. Petersburg pier continues.

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Business
12:45 pm
Tue November 27, 2012

Tampa Bay's Average Personal Income Rises to $39,261

Americans are earning more, but that doesn't necessarily leave them with more spending money.
Credit worradmu / freedigitalphotos.net

For the first time since the Great Recession, incomes are up in every major U.S. metropolitan area – including Tampa Bay.

That’s according to figures released this week by the U.S. Bureau of Economic Analysis. From 2010 to 2011, the Tampa-St. Petersburg-Clearwater area saw a 3.2 percent jump in per capita personal income -- that's the region's total personal income divided by its total midyear population. Nationwide, incomes went up 4.26 percent.

Here's what folks earned on average in 2011, with 2010 wages in parentheses:

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Business
12:36 pm
Tue November 13, 2012

Report: Hillsborough-Pinellas Transit Merger Would Not Save Money

A Hillsborough Area Regional Transit Authority trolley drives through Harbour Island.
Credit HART / HART

Merging Hillsborough and Pinellas Counties’ public transit systems does not make financial sense.

That's the initial report from a consulting firm hired by the Hillsborough Area Regional Transit Authority and Pinellas Suncoast Transit Authority. The findings were discussed Monday in a meeting that included board members from both groups, according to this article in the Tampa Tribune.

Here’s the financial breakdown:

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Business
12:50 pm
Fri November 9, 2012

5 Reasons Why October Was a Record-Setting Month for Hillsborough, Pinellas Transit

Weekend ridership, as well as transportation to downtown Tampa and MacDill Air Force Base, gained popularity in 2012, said HART spokeswoman Marcia Mejia.
HART

October was a record-setting month for public transit in Pinellas and Hillsborough counties, according to figures released Friday. Continuing a trend a increased annual ridership, both Hillsborough Area Regional Transit Authority and Pinellas Suncoast Transit Authority gave the highest number of monthly rides in their respective 33- and 28-year histories:

  • HART: 1,344,854 rides (up 11 percent from October 2011)
  • PSTA: 1,287,301 rides (up 14 percent from October 2011)

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Business
11:04 am
Mon October 22, 2012

Jeff Vinik Suspending Efforts to Purchase Channelside

The man who many hoped would purchase the struggling Channelside shopping and entertainment complex says he is suspending his efforts to do so.

Jeff Vinik, owner of the Tampa Bay Lightning, was seen as the most likely suitor for Channelside, which is in bankruptcy. Several businesses there have either closed down or said they planned to leave.

In a statement, Vinik and his partners cite an unnamed "significant legal hurdle, beyond our control."

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Business
1:13 pm
Thu October 11, 2012

Rays Want To Search Outside St. Pete for a New Stadium

When St. Petersburg Mayor Bill Foster asked the Tampa Bay Rays for some feedback on a proposed new stadium in Carillon Business Park, he apparently opened the door for Rays management to look elsewhere for a new ballpark location.

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Business
10:21 am
Mon October 8, 2012

Media General sells Tampa Tribune, TBO

Courtesy of Todd Chapel Tampa Tribune

The Tampa Tribune was purchased by a private equity investment group, and beginning today will be operated by a newly created, locally based company called the Tampa Media Group.

The Tribune's longtime corporate owner, Virginia-based Media General Inc., announced the transaction this morning, transferring ownership of the Tribune, its affiliated newspapers and TBO.com to the Los Angeles-based Revolution Capital Group

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Business
1:37 pm
Tue October 2, 2012

Florida Senator Wants Investigation of KB Home Condominiums

BayNews 9

State Sen. Mike Bennett, R-Bradenton, is calling for the Florida Attorney General to investigate builder KB Home.

Bennett believes the California-based company knowingly built with poor quality materials and sold shoddy condominiums.

The senator said the "last straw" was when he found out about lawsuits filed by former KB Home employees.

The whistleblowers say the company knew about structural defects in the Willowbrook condo community in Manatee County, but KB decided to sell them anyway.

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Business
3:22 pm
Fri September 21, 2012

Florida's Unemployment Rate Stuck at 8.8 Percent

Sarah Curran

Florida has gained almost 78,000 jobs since last August. This marks the 25th consecutive month of steady gains according to the Florida Department of Economic Opportunity.

University of Central Florida economics professor Sean Snaith said the newest employment numbers indicate a steady, positive growth. Snaith said he was surprised with the number of payroll jobs added. 

 

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Business
11:46 am
Thu September 20, 2012

Tampa Considers Moratorium Sweepstakes Cafe

Image courtesy of the Florida Chamber Foundation which opposes internet cafes.

Tampa City Council will vote next Thursday on whether to put a temporary moratorium on granting business licenses to internet “sweepstakes” cafes that offer online gambling.

Today, council members discussed regulatory options and settled on holding another workshop in 60 days, but they also voted to consider an abatement ordinance that would impose a temporary moratorium on any future “sweepstakes cafes” until regulations are in place.

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Business
2:47 pm
Tue September 18, 2012

Tampa's Economy Looking Up

Tampa Skyline
WUSF Public Media

The Broookings Institute has ranked Tampa 30th out of 100 U.S. metro areas in how much it's economy has improved in the last quarter.

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Business
5:59 pm
Tue September 11, 2012

RNC Voices on the Street: Final Take

Michael Gentry, a homeless vendor of the Epoch newspaper.
Bobbie O'Brien

The political conventions are over, and now we're able to start answering the questions - what did residents of Tampa Bay actually get from the Republican National Convention?

Our final take from the series, Voices on the Street, compares what people said before the convention to what they're saying now it's over.

Michael Gentry

Michael Gentry sells the Epoch, a newspaper for homeless people in the bay area. You can almost always find him on Scott Street, near the I-275 and I-4 entrance ramps. It's a good spot to observe what's going on in Tampa.

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