Steel rises at state-of-the-art Manhattan skyscraper
This week, property development firm SJP Properties announced the start of steel erection at 11 Times Square, a 1.1 million square foot commercial and retail tower and the largest speculative development under construction in Midtown Manhattan.
The state-of-the-art, energy-efficient building will require 7,000 net tons of structural steel to build its 40-story frame.
"The arrival and implementation of the steel phase will allow interior core and floor framing for the structure to take shape. We remain ahead of schedule and will deliver the building for tenant occupancy by late 2009. "
Mr. Welch says that there is already tremendous tenant interest because the tower will be one of the most environmentally friendly buildings ever built in NYC, and also features dynamic floor plans and panoramic views of the Empire State Building and the Hudson River.
For more info on 11 Times Square, check out the interactive website at http://www.eleventimessquare.com
Steel stealer to do hard time
Bethlehem, Pennsylvania resident Gregory Keller will spend at least 15 months in prison for stealing over $70,000 worth of steel from his former employer, L&M Fabrication.
A judge also ordered Mr. Keller to repay the insurance company that covered the company's losses.
After stealing the steel with the aid of at least one fellow employee (who the police did not pursue charges against because of lack of evidence), Mr. Keller sold the stolen steel to a scrap yard for $25,599. While Mr. Keller's attorney argued that his client should only have to pay what he collected from selling the steel, the judge informed him that state law mandates that full restitution be paid if an insurance company makes a claim.
Mr. Keller was sentenced this week to 15 to 30 months in prison and 54 months' probation. The judge ordered such a lengthy supervision, in part, because he ordered Keller to repay the full value of the steel he stole, which was $70,084.
AK Steel's Zanesville Works receives safety awards
AK Steel's Zanesville Works has been honored with two awards for its safety performance by the Ohio Bureau of Workers' Compensation, division of Safety and Hygiene.
In addition, AK was recognized for its positive impact in the local community with an award from the Muskinum Growth Partnership. The awards were presented at the annual meeting of the Zanesville Muskingum County Chamber of Commerce.
The safety awards included an award for operating the entire year of 2007 without a lost-time injury, and an award for working 2,297,819 hours without a lost-time injury, from April 21, 2003 through December 31, 2007. AK Steel also received the Award for Community and Economic Success (ACES), honoring the company's positive community impact through its investment in the Zanesville plant.
"We congratulate our Zanesville employees for their exceptional safety achievements, especially for working well over four years without a single lost-time injury," said James L. Wainscott, chairman, president and CEO of AK Steel. "We also greatly appreciate being recognized for the company's positive impact in the community."
"Steel Lasso" coming to Frontier City
Frontier City, a Western-themed amusement park located in Oklahoma City, has announced plans for a new suspended steel roller coaster, the first of its kind in the state of Oklahoma, to celebrate the park's 50th anniversary.
The coaster, named the "Steel Lasso," will stand 49 feet tall and span 965 feet. One train suspended from the overhead tubular steel track will seat 16 passengers in eight cars, and will reach speeds of up to 30 miles an hour.
Steel Lasso is estimated to be a several million-dollar investment for Frontier City and will bring the park's total number of roller coasters to five. Construction of the coaster is expected to begin soon, with opening anticipated for sometime this summer.