May 4, 2008
SCOTTSDALE, Ariz. -- It's been a long time since cowboys parked their ponies on Main Street in what was once proudly marketed as the West's Most Western Town. Today's Scottsdale is two P.F. Chang's, two California Pizza Kitchens and two Merrill Lynch offices. It is art galleries and turquoise shops and boutiques and Beemer convertibles and monster shopping malls serving monster subdivisions hidden behind faux-adobe walls. Fortunately, though you may have to look carefully, Scottsdale is still desert and the mountains -- or at least a short drive from desert and mountains.
December 9, 1992
The owners of the Homestead, a prestigious resort in western Virginia, have hired the Baltimore investment banking firm of Alex. Brown & Sons Inc. to find investors for the resort's long-term improvement plan.Daniel H. Ingalls Jr., president and chief executive of Virginia Hot Springs Inc., which owns the resort, said the company is trying to raise $30 million for a five-year, $50 million project. The remaining $20 million would be generated by the company, he said.The search for new investors comes after three years of losses by the Hot Springs, Va.-based resort, Mr. Ingalls said.
January 17, 1995
After years of searching for private financing, the state approved an agreement yesterday for a bond sale to a Texas company that paves the way for building a controversial convention center and golf course at Rocky Gap State Park.The approval by the Board of Public Works was a milestone in a 10-year quest to build the $34.4 million resort, which is intended to help revitalize the Western Maryland economy."This is part of a vision for Western Maryland and Allegany County," said Mark L. Wasserman, state secretary of economic and employment development.
November 21, 2003
CAMBRIDGE - Gliding across the Frederick C. Malkus Bridge, you can see the big hotel off in the sunlit distance, startling because it's been preceded by so many drab little strip malls and gas stations and burger joints, and stunning because it hits you like Dorothy's first glimpse of the Emerald City. The Hyatt Regency Chesapeake Bay Resort has been doing business for 14 months now, and it's hard to find anyone around here who isn't singing hosannas for its impact on Cambridge and on Dorchester County, and for beginning to lift a swath of the Eastern Shore out of its prolonged economic doldrums.
June 2, 2000
Sunterra Corp., an international resort company with ties to Maryland, has filed for bankruptcy protection in U.S. District Court in Baltimore, saying it owes potentially thousands of creditors hundreds of millions of dollars. The petition for Chapter 11 bankruptcy follows months of financial trouble for the Orlando, Fla.-based time-share company, which operates 90 resorts around the world and serves about 300,000 families. The company reported a $15.6 million net loss in the first quarter of 2000.
October 5, 1997
We climbed the slippery rocks, toehold to toehold, through the cascading waterfall up the steep incline.The kids thought we had found the best theme park attraction ever, but this was no theme park: We were climbing Dunn's River Falls, perhaps Jamaica's most famous natural attraction.The morning we visited Dunn's River Falls, experienced guides were offering to lead the way to the top for a few dollars. The place was crowded with tourists of all shapes and sizes -- my daughter Melanie and nephew Kyle, both 6, made the climb easily, stopping at various points to splash in the cold, clear pools of water.