by Jeff Davis (
They was waitin' To get their hands on some easy money....She could almost taste that easy money. Listen, Sam, how'd ya like to make some easy money ? ....He say, Yes! Oh yes! Jus' tell me what you want me to do... The easier it looks The hotter it hooks There ain't no such thing as easy money.
Cumberland Theatre artistic director Don Whisted headlines an actor quartet to appear opposite Nicole Halmos in New Embassy Theatre's production of American playwright Edward Albee's award-winning drama "Who's Afraid of Virginia Woolf?" opening Friday, October 24.
FROSTBURG - The Frostburg Mayor and City Council voted unanimously Thursday night to refinance debt from the Piney Dam reconstruction, securing long-term savings of nearly $400,000 even as the nation grapples with economic upheaval of historic proportions.
The City Council also approved the sale of the old ambulance building on Water Street to a Frostburg businesswoman, recognized the developer of the Lyric Building on Main Street, and established a date and time for trick-or-treating.
Although only three financial institutions submitted bids for the Piney Dam refinancing - about one-third of the normal participation rate -- the city was able to lock in an interest rate of 4.09 percent over 10 years. That rate will reset at the end of the term for another 10 years, but Davenport & Company, the city's financial advisors, noted that the new rate would have to be almost 50 percent higher for the city to not realize savings on the refinancing. While noting that "there are no absolutes anymore," Davenport said the "likelihood is small" that reset rates would be so high.
The end result of the refinancing is that city taxpayers will realize a savings of $394,352 over the course of the 20-year loan, with the vast majority of the savings occurring in the next two years.
FROSTBURG – As an economic maelstrom of historic proportion broke over Wall Street and markets worldwide, the Frostburg Mayor and City Council stuck their big toe in the roiling waters, to test a possible refinancing of long-term debt that could save the city up to $300,000 over the next two decades.
Meeting Thursday night at City Hall in a public hearing, the mayor and city council voted unanimously to proceed with consideration of bid proposals for refinancing debt from Piney Dam and the city’s joining the state pension system.
The city had solicited bids for the refinancing in August, a month before the storm clouds rose in Manhattan, but it’s a different world already.
Only three banks submitted bids for the refinancing, where in the past the city would have expected six to eight participants.
A sign of the season in the Mountain City, as sure as Big Savage aglow orange, red and yellow, is The Frostburg Freeze closing down for winter.Sunday the 5th marks the end of either their 44th or 54th season, depending on which sign you read. Of the former, my cousin Rick Hess of Mount Pleasant Street was born that year, if the latter, my folks were married at St. Mike’s that November. Whatever the year, it’s a grand tradition in Frostburg; more so in spring rebirth, of course, but as day wouldn’t be the same without night, rise without fall, it is our lot to endure life without The Freeze. For now…
FROSTBURG -- The Ormand Street sewer separation project is winding down, with crews applying blacktop to half of the street Thursday.
The fresh layer of asphalt caps a project that has been ongoing most of the year, with the effort focused primarily on installing new stormwater-runoff lines beneath the street.
When sewer and stormwater lines are combined, as they are in most older communities, heavy rains overwhelm sewage-intake systems, resulting in overflows of raw sewage into streams during storms. In addition to fouling local waters, the overflows contribute to pollution in the Chesapeake Bay.
Barb Armstrong makes things happen
at the corner of Mechanic & Water
FROSTBURG - A longstanding effort to revitalize a Mechanic Street corner and create additional parking is nearing fruition thanks to the determined efforts of a Frostburg businesswoman.
Barb Armstrong of Armstrong Insurance was recognized at the September City Council meeting as a "Mountain City Angel" for her involvement in transforming the now-vacant lot at the corner of Mechanic and South Water streets.
"This is small in comparison to what you've done," said Mayor Arthur Bond, in naming Armstrong one of the first recipients of the new "Angel" award.
Also recognized as a Mountain City Angel was downtown businesswoman Peggy Atkinson, for her role in serving as a link between business owners and City Hall during last year's Broadway revitalization project.
The project at Mechanic and South Water, across from Armstrong Insurance, has been percolating at City Hall for nearly a decade.
Formerly the site of a car-dealership garage, the building that occupied the corner had long been vacant, and in recent years had decayed into an eyesore. In 2002 the city acquired the property and worked to market the building for business use. However, the structure had deteriorated to the point that no one wanted to invest the funds necessary to restore it.
FROSTBURG – While the idea of an online newspaper serving Mountain Maryland and its sister-state environs is radical in itself, even more revolutionary is the concept at the heart of the Appalachian Independent: The citizen journalist.
Meeting over the past year, a dozen area residents sketched out the scope of the enterprise that would become AppIndie.org. Frustrated by the failure of local print media to both hold public officials accountable and celebrate life in these mountains, the group sought to engage, inform and empower area residents through development of an independent, vigorous press.