Monthly Archives: June 2016

The Status Of Atlantic City

Not for profit Development Corporation(DEVCO), is based in New Brunswick, New Jersey. It was established in the 1970’s in order to build up rundown areas.The company’s president is Chris Paladino. DEVCO is recognized by the New York times, as a catalyst for commercial expansion. As of 2015 they have already invested roughly $1.6 Billion in the New Brunswick area. Even when the economy seemed shaky, Devco was able to overcome some of the challenges and proceed with their revitalization, as they worked on different projects simultaneously.
Some of their projects in the New Brunswick area included Rockoff Hall University Apartments,Gateway Transit Village,New Brunswick Wellness Plaza, the Civic Square Public Safety Building and many more. Any one taking a stroll through the city, can see the vast improvement. Devco knows what the people who live, visit or just work there want. The company have received many awards, including the American Hungarian Foundation Distinguished Service Award in 2014.

In January 2016 according to the Press of Atlantic City, Middlesex County improvement Authority couldn’t repay the $1 million principle and interest on a $20 million loan, that was given by the Casino Reinvestment Development Authority, dating back to 2005. This was not the first time this happened. They are now $7 million in arrears from missed payments. This loan was uses to construct the Heldrich, which is a two hundred and thirty five room hotel, built in 2007.

The loans were made possible by Christopher Paldino, who is also a lawyer. He said they will be paid back but, added it will take a couple of years. The New Brunswick Development Corporation and Atlantic City Development Corporation, both headed by Paldino is set to oversee a $200 million project of the Gateway Plaza. He said that he will be happiest when all of the loans are repaid. He is proudest of being able to take bad areas and rebuild them.

To read more on this article, visit:http://www.pressofatlanticcity.com/news/breaking/unpaid-million-crda-loan-raises-questions-about-new-brunswick-devco/article_a03318e2-dcdb-11e5-a563-67611bc7b7bc.html

 

Dick Devos Strongly Supports Aviation Endeavors by Continually Supporting the West Michigan Aviation Academy

The West Michigan Aviation Academy, which is situated at the Gerald R. Ford International Airport, was founded by Dick Devos in 2010.The initiative to establish this free tuition public charter school was as a result of Dick Devos endeavors to integrate his love for aviation and education. The schools opened its gates in the fall of 2010 with a student population of eighty. The students were first ushered into the 25,000 sq. ft. office space, which had been renovated to serve as the school’s initial building.

In its expansion endeavors, the school created a 42,500sq. Ft. building, which induced the expansion of other aspects of the School such as the aviation programs offered at the school, the student life, curriculum and population. The lot of 240 juniors, sophomores and freshman admitted on the initial day of 2012-2013 academic year were the first to utilize the new building. Currently, the new building is able to cater for a population of 500 students.

The Mission and Vision of the School

The school’s vision and mission is structured in a manner that fosters the students for unlimited opportunities such as career success, college achievement as well as engaged citizenship. The school utilizes provision of resources staff development, school-wide programming, and individual student services to secure success and equity for the entire student body.

Non-Academic Affairs of the School

Apart from academic, students are treated to wonderful experiences and opportunities such as capstone events, job shadows, field trips as well as listening to visiting speakers such as George W. Bush, Astronaut Mark Kelly, and Colin Powell. This gives the students an opportunity to view the world from a different perspective.

Dick Devos

He is the son of Richard Devos, who is the Amway co-founder. Devos is among the richest people in the United States and was listed in 2012 as the 67th wealthiest individual in the US. He holds a business administration degree from the Northwood University. Dick boasts of various honorary recognitions and doctorates from Northwood, Central Michigan University and Grove City College. In 2010, the Spectrum Health Foundation presented Devos with the Art of Giving during its yearly celebration of philanthropy.