Destiny USA By: RyaneGagen DCC 225 Professor Jim Georger April 28, 2011
Outline: • What Destiny USA is, and the history behind it. • Energy saving aspect/Green Bonds. • When Construction started/ Why it stopped. • The controversy. • Who is in support and against Destiny USA. • My own opinion. • Conclusion
Destiny USA Syracuse Brockport
The Energy Concept to Destiny USA • They were given 228 million dollars in federally authorized tax-exempt called “green bonds”. • Green Bonds-Are issued by federally qualified organizations for the development of areas that are under utilized, have abandoned buildings, or are under developed. • 45 megawatt electricity-generating Plant, 290, 000 square feet of solar panel, and seven megawatts of electricity.
Timeline of Crucial Dates Destiny USA is proposed to the people in April of 2000. Construction comes to a stop in June of 2009. In May of 2007 first phase of construction begins. Destiny and Citegroup make a deal with an 87 day timeline inDecember of 2010. Court says the bank has to start giving money again on November 13, 2009.
Supporters VS. The Against For Against *Environmentalist *The Common Person living in CNY. *Environmentalist *The Common Person living in CNY. http://www.youtube.com/watch?v=lLMS1a0QsIw
My Opinion? • I think it could be very helpful for our economy, and can open many new jobs. • Not possible though!
Work Cited “ Developer fights to keep secret the deal that ended a lawsuit between Syracuse's Destiny USA and Citigroup | syracuse.com." Syracuse NY Local News, Breaking News, Sports & Weather - syracuse.com. N.p., n.d. Web. 20 Apr. 2011. <http://www.syracuse.com/news/index.ssf/2011/04/developer_fights_to_keep_secre.html>. • "Destiny USA." Wikipedia. N.p., 19 Apr. 2011. Web. 14 Apr. 2011. <en.wikipedia.org/wiki/Destiny_USA>. • "Destiny USA - Home." Destiny USA - Home. N.p., n.d. Web. 27 Apr. 2011. <http://www.destinyusa.com/>. • Gorman, Teresa. "Destiny USA: The Story of a Mega-Mall and a City." Boston University. N.p., n.d. Web. 20 Apr. 2011. <http://www.bu.edu/phpbin/news-cms/news/?dept=1791&id=56316>. • "Green Bond Definition." Investopedia.com - Your Source For Investing Education. N.p., n.d. Web. 22 Apr. 2011. <http://www.investopedia.com/terms/g/green-bond.asp>. • Moriiarty, Rick. "Faded Green Promises Could Cost Destiny Millions." Post Standard [Stracuse] 20 Feb. 2011: 1 and 8. Print.