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California ghost town sells for $1.4 million; buyers plan to develop it as a tourist attraction

California ghost town sells for $1.4 million; buyers plan to develop it as a tourist attraction The Old West ghost town, whose name translates to “fat hill,” spans 300 dusty acres east of Lone Pine on the western slope of the Inyo Mountains. Twenty-two structures fill out the rocky landscape, including a hotel, saloon, museum, chapel, a few single-family homes and an eight-bed bunkhouse. Hundreds of inquiries and a dozen offers flooded in when the town hit the market for $925,000 in June, according to listing agent Jake Rasmuson of Bishop Real Estate. Offers ranged up to $2 million. Ultimately, the owners chose to sell for less to an investment group led by hospitality entrepreneur Brent Underwood and PR firm founder Jon Bier. “Development pitches ranged from a theme park to a care facility to farmland,” Rasmuson said. “The buyers’ vision was to keep the property open to the public, which the owners appreciated.” The group plans to invest heavily in the town, which used to attract tourists years ago, and turn it into a full-scale operation. Underwood, a self-described history buff, read four books on Cerro Gordo in anticipation. According to the town’s website , a man named Pablo Flores struck silver on the land in 1865.

For the original version including any supplementary images or video, visit http://www.latimes.com/business/realestate/hot-property/la-fi-hp-cerro-gordo-ghost-town-20180717-story.html

Artwork in The Times’ New York bureau being prepared to be sent to an auction house as part of the office’s closure in 2012. Tina Susman This spring, as Soon-Shiong’s acquisition of The Times was being finalized, no one seemed to have any idea where the five Picasso lithographs had gone. Times editors and executives said they didn’t know, and a spokeswoman for Tronc referred queries back to The Times’ own spokeswoman, who reiterated the paper’s lack of knowledge on the matter. And with the ownership changes and the sale of the headquarters property, it wasn’t clear even to many in the company who owned the Picassos. In the scheme of things, the five lithographs weren’t incredibly valuable — they were part of Picasso’s 29-piece “Imaginary Portraits” series, a complete set of which sold at a 2014 Sotheby’s auction for $93,750 . (In all, 500 sets were made.) Times Mirror acquired its own full set in 1971, bought in small groups for small sums. A trio, for example, cost $228.54 including shipping, according to company correspondence held in an archive at the Huntington Library. While inexpensive back then, the five pieces took on particular value to some people at The Times, and had even become part of some official tours of the complex in recent years. Times tour guide Darrell Kunitomi noted their disappearance when he greeted visitors in the community room a few years ago. “I would raise the AV screen, behind which there were five Picassos.

For the original version including any supplementary images or video, visit http://www.latimes.com/business/la-ca-cm-times-art-20180712-htmlstory.html

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20pc oil royalty not possible yet | Daily Express Newspaper Online, Sabah, Malaysia.

“The proposal cannot be carried out (now) as it contravenes the Petroleum Development Act (PDA). “For this to be done (20 per cent royalty), it will take time as amendments need to be carried out on the PDA,” he said during the question-and-answer session at the Dewan Rakyat, NST reports. He was answering a question from Datuk Seri Panglima Madius Tangau (Upko-Tuaran), who asked when the Federal Government could implement the 20 per cent royalty promised to oil-producing states. Azmin said the Act fixed the oil royalty at 10 per cent of net profit to the Federal Government and oil-producing states. He said Pakatan Harapan’s Blue Book merely promised a fair distribution of oil royalty to these states. “At this time, Petronas needs to pay 10 per cent cash payment of gross production in oil and gas to the (Federal government). From this amount, 5 per cent is taken by the Federal Government and State Government respectively. “Petronas makes this payment twice a year, in February and August. The 10 per cent cash payment is the gross value per barrel at market value. “Payment is made regardless of whether oil production at the (drilling) site is profitable or not. “From this value per barrel, 70 per cent from the gross production of oil and gas is actually the cost of recovery that is borne by Petronas,” he said, adding that the oil company is further saddled by other necessary payments like the Petroleum Income Tax Act.

For the original version including any supplementary images or video, visit http://dailyexpress.com.my/news.cfm?NewsID=126069

That move has derailed Barcelona’s plans, with the La Liga giants now looking at Liverpool’s Simon Mignolet instead. Arsenal and Chelsea could reportedly see their respective plans for Petr Cech ruined by Roma. Roma are on the lookout for a new goalkeeper following the world-record sale of Alisson to Liverpool. And The Sun claim they have identified Arsenal’s Cech to be the Brazilian’s replacement at the Stadio Olimpico. Cech may be up for a move to Serie A – which would put paid to Arsenal’s hopes of keeping him on as Bernd Leno’s No 2. Chelsea, meanwhile, have looked at Cech as a bargain replacement for Thibaut Courtois, who appears bound for Napoli. Arsenal boss Unai Emery has bemused scouts with three signings this summer. Stephan Lichtsteiner, Sokratis Papastathopoulos and Bernd Leno were the first three signings of the Emery era. And the Daily Mail say: “Arsenal’s business is the talk of bemused scouts in Europe.” Onlookers reportedly feel Arsenal could have used their funds differently. Arsenal transfer news LIVE: Gunners in ‘advanced talks’, Real Madrid raid, Seaman warning (Image: GETTY) Arsenal could launch a raid on Real Madrid for wantaway midfielder Mateo Kovacic, reports in Spain claim.

For the original version including any supplementary images or video, visit https://www.express.co.uk/sport/football/992502/Arsenal-Transfer-News-LIVE-Gunners-Talks-Real-Madrid-Seaman-Nzonzi-Welbeck-Coman-Emery

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