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Arlington Heights-area school districts reach agreement with Churchill Downs on racecourse property taxes, deal with Bears still being sought

Published Fri, 27 Dec 2024 10:00:12 GMT

Local school districts and the former owner of Arlington International Racecourse have agreed on how large the property tax bill payable this year should be, but negotiations with the new owners — The Chicago Bears Football Club — for future tax years and payments are still ongoing.Former racetrack owner Churchill Downs Inc. will pay $7.9 million in property taxes this year, up from the $2.7 million it paid before closing the track in 2021.Arlington Heights-based Township High School District 214, Palatine-based Township High School District 211 and Palatine Community Consolidated School District 15 — an elementary school district — all receive property tax revenue from the racetrack site.District officials confirmed the schools and Churchill Downs Inc. reached the agreement May 31, though the Cook County Board of Review still must approve it.But because the settlement is only good for one year, the Bears — new owners of the 326-acre property as of Febr...

After a ‘frenzy’ of learning as a rookie, Chicago Bears cornerback Kyler Gordon feels more relaxed during his 2nd OTAs

Published Fri, 27 Dec 2024 10:00:12 GMT

When Chicago Bears cornerback Kyler Gordon wrapped up a hectic rookie season, one of the first things he did was sort through his game film two or three times.He examined the good plays and bad ones and figured out what he needed to work on as he entered his second offseason program. The time to reflect was valuable.From the moment the Bears drafted him in the second round last spring, Gordon had a lot on his plate. He learned outside cornerback and nickel in the Bears defense and started 14 games, totaling three interceptions and six passes defended.Now, with a year of experience and the enhanced study, he feels like he has a better understanding of what’s going on and where he fits.“I definitely feel way more comfortable in the situations I get put in,” Gordon said Wednesday during the second week of organized team activities at Halas Hall. “I feel like I can be in the same spot I was in last year and have more knowledge in that area and not make the same m...

Trial opens for 3 charged with aiding Chinese campaign to pressure expats into returning home

Published Fri, 27 Dec 2024 10:00:12 GMT

NEW YORK (AP) — An American sleuth and two Chinese men faced jurors Wednesday in the first trial to come out of U.S. claims that China’s government has tried to harass, intimidate and arm-twist dissidents and others abroad into returning home.Michael McMahon, Zheng Congying and Zhu Yong are charged with being part of a conspiracy to hound a former Chinese city official, his wife and their adult daughter to get him to go back to his homeland, where the government alleges he took bribes.“If you are willing to go back to the mainland and spend 10 years in prison, your wife and children will be all right,” read a translated note that Zheng helped tape to their New Jersey door in 2018, though his lawyer said Zheng quickly had second thoughts and took the note down.Prosecutors say it was one in a series of pressure tactics that included flying in the man’s then-octogenerian father to warn him that relatives would suffer if he didn’t come home.“The victim and his family endured years of ha...

Toronto and GTA under heat warning for next two days

Published Fri, 27 Dec 2024 10:00:12 GMT

Toronto and much of the GTA are under a heat warning for the next several days.Environment Canada says the two-day heat event will see maximum daytime temperatures of up to 31 C in some areas.“Daytime high temperatures are expected to be near 30 degrees Celsius today and Friday. Overnight temperatures are expected to be in the high teens, providing little relief from the heat,” it said in the advisory issued Thursday. “Cooler temperatures return on Saturday.”It’s possible Toronto could set several new temperature records in the process.“The record for June 1, 28.3 set in 1948, we could easily break that with our guaranteed high of 31, and tomorrow’s record of 30.2 set in 2016 …certainly we could break that,” said CityNews 680 meteorologist Jill Taylor.The national weather service also warned that hot and humid air can also bring deteriorating air quality and can result in the Air Quality Health Index approaching the high risk cat...

Laurentian Bank reports Q2 profit down from year ago, raises quarterly dividend

Published Fri, 27 Dec 2024 10:00:12 GMT

MONTREAL — Laurentian Bank of Canada raised its quarterly dividend as it reported a second-quarter profit of $49.3 million, down from $59.5 million a year ago.The Montreal-based bank says it will now pay a quarterly dividend of 47 cents per share, up a penny from 46 cents.The increased payment to shareholders came as Laurentian says it earned $1.11 per diluted share for the quarter ended April 30, down from $1.34 per diluted share in the same quarter last year.Revenue for the quarter totalled $257.2 million, down from $259.6 million in the second quarter of 2022, while the bank’s provision for credit losses amounted to $16.2 million, up from $13.0 million a year earlier.On an adjusted basis, Laurentian says it earned $1.16 per diluted share in its most recent quarter, down from an adjusted profit of $1.39 per diluted share a year earlier.Analysts on average had expected an adjusted profit of $1.12 per share, based on estimates compiled by financial markets data firm Refinitiv....

Coast Guard suspends search for Carnival Magic passenger who went overboard off Florida

Published Fri, 27 Dec 2024 10:00:12 GMT

The U.S. Coast Guard has suspended the search for a 35-year-old man who was reported missing from a Carnival cruise ship off of Florida’s Atlantic Coast.The agency said the man fell from the Carnival Magic about 185 miles (300 kilometers) east of Jacksonville early Monday.The man’s companion reported him missing, and the ship’s crew notified the Coast Guard. Security footage on the ship shows that the man “leaned over the railing of his stateroom balcony and dropped into the water” around 4 a.m., a statement said.The Coast Guard searched for 60 hours, covering some 5,171 square miles (13,392 square kilometers) through Wednesday evening. The search included air crews and the Coast Guard Cutter Escanaba, along with U.S. Navy ships and aircraft in the area.Carnival said the ship returned to port in Norfolk, Virginia. The ship can hold nearly 4,000 guests and is about 1,000 feet (300 meters) long.The Associated Press

Renewable energy surges, driven by solar boom and high fuel prices, report finds

Published Fri, 27 Dec 2024 10:00:12 GMT

BERLIN (AP) — The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power, according to a new report Thursday.The International Energy Agency said high fossil fuel prices — resulting from Russia’s attack on Ukraine — and concerns about energy security had boosted the rollout of solar and wind power installations, which are expected to reach 440 gigawatts in 2023.That’s about a third more than the world added the previous year, taking the global installed capacity to 4,500 GW, roughly the combined total power output of the United States and China combined, the Paris-based agency said.“The global energy crisis has shown renewables are critical for making energy supplies not just cleaner but also more secure and affordable,” said Fatih Birol, the IEA’s executive director.“Governments are responding with efforts to deploy them faster,...

India pauses plans to add new coal plants for five years, bets on renewables, batteries

Published Fri, 27 Dec 2024 10:00:12 GMT

BENGALURU, India (AP) — The Indian government will not consider any proposals for new coal plants for the next five years and focus on growing its renewables sector, according to an updated national electricity plan released Wednesday evening.The temporary pause in the growth of the dirty fuel was hailed by energy experts as a positive step for a country that is currently reliant on coal for around 75% of its electricity.Updated every five years, the plan serves as a guideline for India’s priorities in its electricity sector. India is the world’s third highest emitter and most populous country. It plans to reach net zero emissions by 2070, which would mean significantly slashing coal use and ramping up renewable energy.In a draft of the plan released in September, the Central Electricity Authority, which is in charge of planning for India’s electricity needs, projected that nearly 8,000 megawatts of new coal capacity was required by 2027. But Wednesday’s strategy propose...

Editorial Roundup: West Virginia

Published Fri, 27 Dec 2024 10:00:12 GMT

Gazette-Mail. May 25, 2023. Editorial: Gov. Justice’s distant style catching onIt didn’t take long for Gov. Jim Justice, who can get a little hair-brained from time to time and is very thin-skinned, to recognize the appeal of conducting public briefings online without any constituents or press in the room with him.The regular and remote briefings from his office that were initially done out of necessity during the onset of the COVID-19 pandemic continued in the same format long after advisories on gatherings and masking were relaxed. They even continued beyond the lifting of the state of emergency that had been in place for more than two years.Somewhere along the way, the briefings became less about COVID and more of a captive platform for Justice to beat his chest about policy and attack political rivals. (Indeed, the governor didn’t even mention the state of emergency expiration during any briefings the week it happened, but about a month later.)Justice has near-complete control o...

BRP reports $154.5M Q1 profit, up from $121.0M a year ago, revenue also higher

Published Fri, 27 Dec 2024 10:00:12 GMT

VALCOURT, Que. — BRP Inc. reported a first-quarter profit of $154.5 million, up from $121.0 million in the same quarter last year, as its revenue rose 34 per cent.BRP chief executive José Boisjoli says the company outpaced the North American powersports industry thanks to sustained consumer demand.The Ski-Doo and Sea-Doo maker says the profit amounted to $1.92 per diluted share for the quarter ended April 30, up from $1.46 per diluted share a year earlier.Revenue totalled $2.43 billion, up from $1.81 billion in the same quarter last year.BRP says its normalized earnings amounted to a profit of $2.38 per diluted share, up from a normalized profit of $1.66 per diluted share a year ago.Analysts on average had expected a normalized profit of $2.32 per share and $2.28 billion in revenue, based on estimates compiled by financial markets data firm Refinitiv.This report by The Canadian Press was first published June 1, 2023.Companies in this story: (TSX:DOO)The Canadian Press