(AP) The Green Bay Packers say they sold more than 268,000 shares of stock in their most recent stock offering, raising $67 million dollars to help fund stadium improvements. Green Bay just wrapped up the fifth stock sale in team history. The team said Thursday it added more than 250,000 new shareholders.
About half of the sales were in Wisconsin. Illinois and California tied for second, each accounting for about 8.5 percent of sales. Minnesota and Texas were next with 5 percent each. Each share cost $250, plus handling fees of $25 in the U.S. and $35 in Canada. The shares are essentially worthless, but holders can call themselves team owners and attend the annual stockholder meeting. The offering began Dec. 6. Most of the sales came in the first 48 hours.
A youth soccer club has turned its one dollar a year lease with the city of La Crosse into quite a money maker. Much of it in violation of their lease, says city park and rec boss, Steve Carlyon. The group, CRUSA leases 18 fields for its competitive soccer program. And among other things, says Carlyon, the group's subleasing to the local high school teams
The two sides are negotiating a new lease right now that would not allow the school sublease arrangement. The new lease would also force the club to charge more to kids who don't live in La Crosse.
La Crosse city council members appear to be safe with their two hundred dollar a month stipend. One council committee has rejected without discussion proposals to cut council members' pay and term length. The proposals come from councilman John Satory who has openly expressed frustration over a measure approved earlier this month by the council to cut the next mayor's salary in half if voters approve a city administrator hiring through a spring binding referendum. Satory says his proposal is made out of a sense of fairness but has also acknowledged that he has little expectation of success.
Last June, when the La Crosse public works board started work on refining the city's garbage rules, they hoped to have the new rules in place by the time college students evacuated the city this May. Now the board has put that deadline in doubt by agreeing to a second month-long delay on the rules as critics complain about the scope of the new regulations.
Public works director, Dale Hexom. Among the biggest complaints from landlords on the new rules are ones that involve limiting big item pick-up and increasing the requirements for using dumpsters at rentals.
The legislative redistricting process in Wisconsin was bound to get a little contentious. Democrats were locked out of the process of redrawing political boundaries in the state completely during this last go 'round. The republican-controlled approach led to a federal court battle. There's a better way, says Jay Heck from Wisconsin Common Cause. Like in Iowa, where political districts are drawn up every ten years by a nonpartisan board
The groups who filed lawsuits regarding new redistricting maps claim they were done in such a way as to especially limit voting influence of blacks and latinos in the state.