Outdoor advertising company Clear Channel International (CCI) has announced a series of restructures to the business, including the creation of a new Europe chief executive, Justin Cochrane, to take the business forward across the region and build on the company’s strong growth in 2018. Previously chief of the UK and Ireland business, Justin brings with him almost 20 years’ experience working at Clear Channel, as well as insight as the chairman of outdoor advertising trade association Outsmart. Justin will have overall responsibility for Europe’s overarching vision, mission and strategy, and will continue to directly oversee the UK & Ireland businesses.CudoniPremium fashion resale service Cudoni has appointed Matt Cooper as chairman of the board. The former principal managing director of Capital One bank formally joins the team to support brand growth at a time when the secondary fashion market is booming fuelled by consumer concerns for sustainability. Matt first became involved with Cudoni in line with his initial five-figure investment made following the business’ relaunch in May 2017. The new formalised partnership has since seen a total six-figure investment and will involve Matt working closely alongside Cudoni chief executive and founder James Harford-Tyrer offering guidance and expertise to steer the business into the next phase. Matt’s other roles involve work as a non-executive chairman and director for Octopus Investments, IGF Group and Tandem Bank. City Moves for 9 May – Who’s switching jobs at Hyperoptic, Clear Channel and Cudoni? Thursday 9 May 2019 12:00 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oraclebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemMisterStoryWoman files for divorce after seeing this photoMisterStoryPost FunThe Deadliest Snakes Ever Found On The PlanetPost Fun City Moves Tags: City Moves Share whatsapp whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.com Today’s City Moves includes Hyperoptic, Clear Channel and Cudoni.HyperopticHyperoptic, the UK’s largest gigabit broadband provider, has appointed two new members to its executive team as it embarks on its ambitious growth plan. Peter White has been appointed as chief financial officer (CFO) and Naleena Gururani (pictured) has been recruited into the role of chief people officer. Both report into Dana Tobak, Hyperoptic’s co-founder and chief executive. Peter joins Hyperoptic from Workshare, where he was also CFO. Earlier in his career Peter was corporate finance director at mobile network operator Three, having joined when it was a startup. Naleena joins Hyperoptic from telecoms provider Lebara where she worked for ten years in a range of senior HR roles, most recently as global HR director. Prior to that she was head of international recruitment at Infosys. At Hyperoptic, Naleena will lead a 30+ HR team across Hyperoptic’s UK and Belgrade offices. She will be taking a strategic lead in developing and implementing transformational programmes to build a strong culture, centred around a people-focused operating model and positive experience.Clear Channel
Federal Government | Health | National NewsPremera to bump up premium to cover Trump cutOctober 14, 2017 by Liz Ruskin, Alaska Public Media Share:Just last month Premera announced it would drop its health insurance rates on Alaska’s individual market by more than 26 percent. But the drop may not be quite that steep after all, at least for one type of plan. The new factor is President Trump’s decision Thursday night to stop paying Cost Sharing Reductions.Audio Playerhttp://media.aprn.org/2017/ann-20171013-01.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.CSR is a type of subsidy under the Affordable Care Act. For certain low-income households, CSR lowers what they have to pay out-of-pocket when they see a doctor.Premera, the sole insurer on Alaska’s individual market, said it will still provide the out-of-pocket discounts to eligible customers, as required by law. But to cover the cost, it will raise monthly premiums for the silver plan.Alaska Insurance Division Director Lori Wing-Heier said if the government eliminates the CSR payments, the rates for a silver plan in 2018 will go up five or six percent from what they would have been.Most people who buy on the individual market qualify for a subsidy to help them pay their monthly premiums. They may not feel the increase, because the premium subsidy goes up as the premium goes up. But those who earn too much to get the subsidy will have to pay more to remain on the silver plan.Also, Trump’s move could widen the federal deficit. The Congressional Budget Office said ending the CSR payments, while continuing to subsidize premiums, would actually cost the government $194 billion over 10 years.Share this story:
Thief scoops up tip jar at Fort Myers ice cream shop June 16, 2021 FMPD surrounds home after shooting June 12, 2021 Officials with the Fort Myers Police Department identified Ar’Trayvis Ravon Stanberry, 17, as the suspect in the case. AdvertisementDeputies said Stanberry shot the man and threw the semi-automatic gun in dumpster at the apartment complex.He faces a homicide charge.Stanberry was booked into the Lee County jail on Monday, Nov. 23. His first appearance in court is scheduled for Nov. 24. WATCH: Fort Myers lotto looter on the run with stacks of scratchers June 16, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments RELATEDTOPICS LEE COUNTY, Fla. – Fort Myers police launched a death investigation Sunday night at The Retreat at Vista Lakes.Officers, firefighters, and EMS rushed to the apartment complex off Winkler Avenue near Colonial Boulevard around 8 p.m. AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments AdvertisementTags: Death investigationFort Myers Advertisement Dealer found guilty for selling drugs in Fort Myers June 17, 2021 Advertisement Fort Myers police confirm a black Kia crashed into the front of the office building at the complex. Detectives confirmed a man in the Kia was killed from one gunshot wound. They do not believe the suspect and the victim knew each other, but they did say a confrontation may have led to the murder.
New York attorney general secures receiver for crypto firm How should banks allocate capital for crypto? Bitcoin should face tough capital rules, Basel Committee says Keywords CryptoassetsCompanies Financial Industry Regulatory Authority FINRA says that the threat of fraud is “a real danger for investors looking to make a quick profit from bitcoin”. In addition to warning about scams and the risks of speculation, the alert details many of the risks associated with buying and selling bitcoins. “As recent events make clear, platforms that buy and sell bitcoins can be hacked, and some have failed,” it says, noting that there is also no protection such as the deposit insurance that accompanies conventional bank accounts. “Speculators drawn to bitcoin trading should understand that bitcoin prices have fluctuated widely, and wildly, almost from the currency’s inception,” said Gerri Walsh, FINRA’s senior vice president for investor education. “Investors looking to get in on the ground floor of a bitcoin-related company should realize that fraudsters may see the latest digital currency trend as a chance to steal their money through old-fashioned fraud.” James Langton U.S. securities regulators are warning investors about the risks of buying, using, and speculating in virtual currencies, such as bitcoins. The U.S. Financial Industry Regulatory Authority (FINRA) Tuesday issued an investor alert to caution investors about the plethora of risks that accompany digital currencies. “While speculative trading in bitcoins carries significant risk, there is also the risk of fraud related to companies claiming to offer bitcoin payment platforms and other bitcoin-related products and services,” it says. Share this article and your comments with peers on social media Related news Facebook LinkedIn Twitter
NIR Remains Relatively Strong – BOJ Governor Finance & Public ServiceFebruary 20, 2009 RelatedNIR Remains Relatively Strong – BOJ Governor FacebookTwitterWhatsAppEmail Governor of the Bank of Jamaica (BoJ), Derick Latibeaudiere, has said that the Net International Reserves (NIR) remained “relatively strong”, despite a drop in the level, due primarily to sales in the foreign exchange market to ease demand pressure and stem depreciation in the value of the dollar.The reserves currently stand at US$1.7 billion and according to Mr. Latibeaudiere “continue to provide some cushion and insurance for the future,” primarily against factors such as the impact of the global economic downturn.Speaking at the BoJ’s quarterly press briefing at its downtown Kingston headquarters on Wednesday (Feb. 18), Mr. Latibeaudiere said that having learnt from previous challenges to the Jamaican economy, efforts have been made to build a sound banking system and a responsive monetary policy framework, and “we have also been ensuring that we maintain a reasonable level of reserves for insurance.”“There was therefore some cushioning, as we entered this period of global financial and economic downturn. The banking reforms of earlier years ensured that Jamaican banks were adequately capitalised, and were subject to strict regulatory requirements and oversight. Consequently, our exposure to the troubled global financial institutions has, so far, been minimal. In addition, our monetary framework enabled the Bank of Jamaica to take decisive action to maintain stability in the financial markets,” he informed.Mr. Latibeaudiere pointed out that while the value of the Jamaican dollar depreciated by 12.2 per cent in 2008, it remained below the level recorded by some traditionally stable economies such as Brazil, Iceland, Mexico, Russia, and South Africa, which experienced exchange rate depreciations ranging between 20 per cent and 43 per cent.Inflation rates in those countries also spiked upwards of 18 per cent and public sector debt to Gross Domestic Product (GDP) has increased to as much as 108.9 per cent.“Our reserves have remained relatively strong in spite of the Bank’s intervention in the foreign exchange market, and inflation is now on a downward trend. Indeed, the International Monetary Fund (IMF), in its last report on Jamaica, commended the Bank for being proactive in its policy stance, as it recognised that exceptional developments require exceptional policy action,” the Governor said.He noted that consequent on intensification of the crisis in the global financial markets in December, some local institutions were called on, at short notice, to repay loans that had been extended by international banks. This, he explained, followed increased tightening of global credit conditions, and investors’ decision to further reduce their exposure to risks, particularly emerging market debt. Global stock market indices, he added, also declined, and central banks in major developed countries reduced their interest rates. Heightened aversion to risks has, however, kept credit conditions tight, he further said.“Consequently, interest rates in the private retail markets have not fallen in tandem with the central banks’ signal rates. These developments, along with unfavourable reports from rating agencies, had a negative impact on Jamaica’s sovereign bonds,” the Governor pointed out.As a result, he said, demand pressures in the local foreign exchange market intensified, despite sales by the BoJ, adding that this was sharply reflected by the 9.7 per cent depreciation in the value of the dollar in the December quarter. These developments, Mr. Latibeaudiere explained, were largely influenced by the loss of credit facilities, the pay out of margin-call liabilities, and a slow down in tourism and remittance inflows. Additionally, that commercial importers were affected by the credit facilities loss, which heightened the demand for cash to repay outstanding lines, and pay for current imports during the “period of seasonably high demand.”Consequently, the Governor said the BoJ implemented several measures in the December quarter to ease the demand pressures, and maintain stability within the financial system.These were: intervention sales of US$432.1 million in the foreign exchange market; establishment of a special foreign currency loan facility in October, for security dealers and deposit-taking institutions with foreign currency needs to repay margin arrangements in Government of Jamaica global bonds; establishment of a foreign currency intermediation facility in November to open the flow of credit in the system, and extension of same to include deposits and loans in local currency.Other measures include increasing interest rates across the spectrum of open market instruments in October and December; offering a special 15-day Certificate of Deposit to primary dealers and commercial banks in November; and increasing the statutory cash reserves requirement from 11 per cent to 13 per cent in December.Mr. Latibeaudiere lamented that, despite these measures, depreciation of the exchange rate continued, with demand remaining strong while supply was below seasonal levels.“The Bank has, therefore, implemented a temporary facility to satisfy the demand of public sector entities. By providing foreign exchange on a timely basis for payments such as oil imports, this measure should help to reduce some of the pressure in the market,” the Governor informed.He added that the monetary policy continues to be tight, with incremental increases totalling three percentage points in the cash reserve requirement, being effected in January and February.“We are going to have to be very careful about how we manage our external accounts. That’s why all of the monetary reinforcements that we have put in place, we can’t just start dismantling them, because any further demand for foreign exchange that is encouraged by bad policy, is simply going to mean a deterioration in the reserves,” Mr. Latibeaudiere stressed. RelatedNIR Remains Relatively Strong – BOJ Governor RelatedNIR Remains Relatively Strong – BOJ Governor Advertisements
We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Toyota’s manufacturing operations in Ontario have been temporarily halted, as one of its main suppliers, Toyotetsu, has voluntarily shut down its operations after eight employees tested positive for COVID-19.Located in Simcoe, Ontario, Toyotetsu produces parts such as brake pedals, hood locks, radiator supports, and rear suspension components for Toyota’s three plants in Ontario, which make the Toyota RAV4 and Lexus RX 350 and RX 450h.RELATED COMMENTSSHARE YOUR THOUGHTS ‹ Previous Next › First Look: 2022 Lexus NX The sport-cute’s looks have been softened, but its powertrains and infotainment offerings have been sharpened Trending Videos The Rolls-Royce Boat Tail may be the most expensive new car ever Toyota workers at Ontario plants confused by ‘work self-isolation’ measuresOn its Facebook page, Toyotetsu announced the immediate closure as of April 26, 2021. It said that Haldimand-Norfolk Health Unit officials “notified us about eight positive cases amongst our 1,200 employees over the past few weeks,” and while “the vast majority of these cases have not been linked to on-site transmission” at the factory, “we’re continuing to follow the guidance of public health officials. For this reason, and out of an abundance of caution, we’ve decided to temporarily pause our operations.” The company said it is working with the Health Unit regarding a safe date to reopen.Toyotetsu informed its employees that all will be paid through to at least May 1, with more information on payroll to come. The supplier also asked employees to consider using vacation time if they have any unused days, and that employee records would be available to those who wished to apply for Employment Insurance. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca See More Videos The three Toyota plants affected by the supplier’s shutdown are in Cambridge and Woodstock, Ontario, and employ more than 8,000 people. In addition to its Canadian plant, Toyotetsu also has factories in Kentucky and Texas, in Mexico, and in Europe and Asia. advertisement Trending in Canada RELATED TAGSLexusRAV4RX 350RX 450hToyotaSUVFlexNew VehiclesOntarioAuto manufacturingCOVID-19factoryFlexlocalOntariosupply chain Toyota the most respected automaker among Canadians, says survey Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2021 Toyota RAV4 Toyota
Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Feb. 5, 2001 Gail Siegel has been named Director of Community Affairs at the University of Colorado at Boulder, according to Bobbi Barrow, executive director of University Communications. The appointment is effective Feb. 12. Siegel, an 11-year CU-Boulder employee, spent nine years with the CU Art Galleries doing special events, outreach programs and publications before joining the University Communications group in October 1998. “Gail has a strong commitment to outreach programs and good experience working with outlying Colorado communities,” Barrow said. “She will be an enthusiastic leader in maintaining and developing positive relationships between Colorado communities and the university.” Siegel graduated from the University of Southern Colorado in Pueblo and did graduate work in special education at the University of Iowa. She replaces Wynn Martens, who headed CU-Boulder Community Affairs programs for the last three years. Among the many programs managed within Community Affairs are: o CU In Residence, an outreach program that works with local councils in Colorado communities to bring them university resources. Current CU In Residence communities are Montrose, towns in Chaffee County and Sterling. o CU4K12, an Internet outreach and in-service program guide resource for Colorado K-12 teachers. o The CU on-line events calendar that gives the public information about campus lectures and events that are open to the public. o The Chancellor’s Lecture Series o Commencement ceremonies, held three times a year. o And community partnerships that include coat drives, food drives, book drives, used computer distribution, campus gardens and other activities that feature university faculty, staff and student participation. Community Affairs activities offer a way for the university to share its resources with the state and Boulder County, Barrow said.
Published: Nov. 22, 2011 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail The University of Colorado Boulder Leeds School of Business will present its annual Colorado Business Economic Outlook Forum on Monday, Dec. 5, at 1 p.m. at the Grand Hyatt Hotel in Denver.The event at 1750 Welton St. is free and open to the public but reservations are required for those planning to attend. To make reservations visit www.leeds.colorado.edu/brd – cbeo.After the forecast, John A. Hayes, president and CEO of Ball Corp., will deliver the keynote address on ways to ignite economic growth in Colorado. His address will be followed by three concurrent breakout sessions on real estate, international trade and small business.Compiled by the Leeds School’s Business Research Division, the comprehensive state economic outlook for 2012 features forecasts and trends for 11 business sectors prepared by more than 80 key business, government and industry professionals.Economic snapshots from specific counties and regions around the state, as well as updates on international trade, population, labor force, personal income growth and a general outlook on the national economy are included in the outlook. A question-and-answer session will follow the outlook presentation. Categories:AcademicsBusiness & EntrepreneurshipCampus CommunityNews Headlines
Phoenix Business Consulting invests in telehealth platform Healpha Share GMC Jammu to conduct cornea transplant surgeries shortly The operation theatre is equipped with state-of-the-art facilities In a relief to people who had to travel outside Jammu for cornea transplant surgeries, the Government Medical College (GMC) in Jammu has now been equipped with a modular eye operation theatre.“The new operation theatre is equipped with state-of-the-art facilities and will go a long way in providing the right ambiance for performing complex surgical procedures,” Bali Bhagat, Health Minister, J&K said.Bhagat, who inaugurated the newly built operation theatre said the GMC would soon start cornea transplant surgeries for which the patients had to go to other states.Asserting that modernisation of health infrastructure was the state governments top priority, he said upgrading of facilities would not only ensure better health services, but also facilitate doctors to perform multiple procedures of varied specialities simultaneously. The minister also inspected various wards and units of GMC and took stock of the ongoing eye bank project.He directed the hospital management to ensure timely completion of the eye bank project and called for launching state wide awareness camp for eye donation.The health minister later chaired a meeting with senior functionaries of GMC and discussed the measures being taken for construction of water filtration plant for the hospital. He also asked the officials concerned to submit a comprehensive report in this regard to his office. Read Article Related Posts Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app News Menopause to become the next game-changer in global femtech solutions industry by 2025 The missing informal workers in India’s vaccine story WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals By Sanjiv Das on August 31, 2017 MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre”
RelatedNWC to Use Renewable Energy to Reduce Cost Cuba to Provide Expertise in Manufacture of Solar PanelsJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay RelatedE-Learning Jamaica Accepting Bids for Supply of Tablets Advertisements FacebookTwitterWhatsAppEmail Jamaica is to partner with Cuba for the transfer of knowledge and technology to facilitate the local manufacture and assembly of cost effective photovoltaic (solar) light panels.This undertaking forms part of the administration’s move towards incorporating renewable alternatives into the local energy mix, so as to reduce the country’s huge energy bill.Science, Technology, Energy and Mining Minister, Hon. Phillip Paulwell, who made the disclosure during the ceremonial switching on of lights in New Forest/Plumwood, Manchester on Wednesday, July 3, said that the Rural Electrification Programme (REP) Limited will guide the process.This is in keeping with the agency’s new mandate, which is focused on developing renewable energy solutions for those households further than three kilometres from the national grid, and promoting energy efficiency and conservation.Minister Paulwell, in his 2013/14 Budget Debate presentation in Parliament in May, informed that the REP will be renamed Jamaica Energy Solutions Limited (JESL), and given a new role.He indicated at the time, that the renewable energy solutions to be developed by the agency, would target the remaining four per cent of rural households yet to receive electricity, in order to bring electrification island-wide to 100 per cent.He noted that the REP, since its inception in 1975, has successfully wired over 80,000 homes in rural communities, bringing the electrification rate in rural households to 96 per cent, which he contended, is “better than most countries in the world.”He said the Government is committed to electrifying the remaining four per cent of households, even while problems related to terrain in those areas, as well as distance from the national grid infrastructure, of more than three kilometres in most cases, makes bringing the grid to them unfeasible.He said it is for this reason that the focus of the REP has to be shifted to focus on renewable technologies.He said that REP Chairman, Rev. Dr. Garnett Roper, will guide this transition, which will also include providing project management services for the design and implementation of energy solutions for major housing initiatives by agencies of the state, especially where low-income earners are the targeted beneficiaries.“The new entity will be mandated, as we have done with Wigton (Wind Farms Limited). Wigton is a successful Government venture making money for the Jamaican people. It is also producing electricity at the cheapest rate, cheaper than oil. And so, we need more wind farms. We need to incorporate more solar energy…that is the new mission of the REP,” Mr. Paulwell stated.Over 50 residents of New Forest/Plumwood have been provided with electricity by REP at a cost of just over $3 million.Contact: Douglas McIntosh RelatedAll Jamaicans Must Have Access to Technology – State Minister Robinson Cuba to Provide Expertise in Manufacture of Solar Panels TechnologyJuly 5, 2013Written by: Douglas McIntosh Photo: JIS PhotographerScience, Technology, Energy, and Mining Minister, Hon. Phillip Paulwell (2nd right), is assisted by Speaker of the House of Representatives, and South Manchester Member of Parliament, Michael Peart (right), and resident of New Forest/Plumwood, Keesha Barnes (centre), to perform the ceremonial switching on of lights in the community during a commissioning ceremony on Wednesday (July 3). Looking on is Chairman, Rural Electrification Programme Limited (REP), Rev. Dr. Garnett Roper. REP undertook the project at a cost of just over $3 million.