A second Troy is the burning ambition for film industry

first_imgIs Aer Lingus taking flight from Shannon? WhatsApp TAGSfilmLimerick City and CountyNewsTroyTroy Studios Shannon Airport braced for a devastating blow Local backlash over Aer Lingus threat RELATED ARTICLESMORE FROM AUTHOR TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! Facebook Limerick on Covid watch list Previous articleWATCH: John Kiely on the importance of improving year on yearNext articleHigh flying Munsters welcome leaders Con to Greenfields Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. center_img Advertisement Email Linkedin Twitter Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Print A SECOND Troy studio is on the cards for Limerick, such is the success of the film production site at the former Dell computer factory in Castletroy.Members of Limerick City and County Council’s Economic Development Enterprise and Planning Committee have been told that the success achieved by Troy has sparked the search for another premises to start a second studio.Sign up for the weekly Limerick Post newsletter Sign Up Innovate Limerick chief executive David Cantwell said that an important part of his organisation’s work is to make the Mid West a more attractive location for film production.“Troy is a success story and we have been working with Screen Ireland and Screen Training Ireland to develop the sector. There’s up to €500 million in film project funding floating around looking for somewhere to get started.”Mr Cantwell said they are currently seeking suitable premises and while Limerick is a likely location it could also go to the county or other big Mid West towns.Either way, he said there would be Limerick jobs created, and “well-paid jobs” at that.“It doesn’t have to have as a big a floor space as Troy but it does need height and that is very important. It could well be a smaller concern able to accommodate some of the lower budget productions.“Troy is aimed at the big-ticket productions for Netflix and the like but they tend to stay a few months and then leave, taking their skills with them.“If we had smaller productions rolling over the whole time, it would be an enormous advantage in training people in the skill sets they need for the industry.Other projects that Innovate is currently involved in include developing an ehub in Abbeyfeale and helping to develop the Kilmallock business park.The company has also acquired the former social welfare building in Limerick City and Theatre Royal to facilitate expansion and establishment of the Digital Collaboration Centre.Responding to Cllr Stephan Kearey (FG), who asked whether Limerick has the necessary skill sets to fill those additional jobs, Mr Cantwell said it is a “new industry and we are somewhat reliant on attracting outside skills.“But there is a lot of work being done on films in particular and at third level. We are now establishing the Mid West Film Eduction and Training group.”“There are 450 people working n Troy right now and there’s a good representation of local people working there, particularly on sets.”Mr Cantwell added that it was the industry itself which was saying that there is a requirement for another facility.Cllr Bridie Collins (FF) said the further growth of a film industry in the Mid West “could be used as an argument for support for Shannon airport.“If Limerick is becoming a hub for film investment – they seem to tie up,” she said. NewsBusinessLocal NewsPoliticsA second Troy is the burning ambition for film industryBy Bernie English – December 12, 2019 256 last_img read more

Borrowers are Getting Back Into the Black

first_img in Daily Dose, Featured, News Tagged with: Home Equity Underwater Borrowers Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Borrowers are Getting Back Into the Black Related Articles Home Equity Underwater Borrowers 2017-01-08 Brian Honea The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Homeowner equity improved over the first three quarters of 2016 to levels not seen since before the recession, according to the Black Knight Financial Services Mortgage Monitor for November 2016 released Monday.The report found that 4.4 percent of homeowners, or 2.2 million, were in negative equity‒‒the fewest since early 2007‒‒and roughly 1 million homes returned to positive equity over the first three quarters of 2016. This has created $4.6 trillion in available equity, or nearly $118,000 available per borrower. This is the highest market total and highest average per borrower total since 2006 and is within 6 percent of peak totals.“There are now over 39 million borrowers with tappable equity, meaning they have current combined loan-to-value ratios of less than 80 percent,” the report stated.Homes in the bottom 20 percent by price were also nine times more likely to be underwater than those in top 20 percent, according to Black Knight.Ben Graboske, EVP for Data and Analytics at Black Knight, said that whereas negative home equity was once a widespread national problem‒‒with roughly 30 percent of all homeowners being underwater on their mortgages at the end of 2010‒‒it has now become much more of a localized issue.“By and large, the majority of states have negative equity rates below the national average of 4.4 percent,” Graboske said. There are, though, some pockets where homeowners continue to struggle.”Three states in particular stand out: Nevada, Missouri, and New Jersey, all of which have negative equity rates more than twice the national average, he said. Atlantic City leads the nation, with 23 percent of its borrowers underwater, followed by St. Louis at 20 percent.“On the other hand,” Graboske said, “even though the total equity tapped via first-lien refinances hit a seven-year high of more than $70 billion over the first three quarters of 2016, that means less than two percent of available equity has been tapped so far this year. That equity also continues to be accessed safely, with the resulting average post-cash out LTV of 66 percent at near 10-year lows and the average credit score above 750.”Much like the negative equity situation, tappable equity is geographically concentrated as well, although in different areas, he said. The top 10 metropolitan areas contain half of all available lendable equity, and California alone accounts for nearly 40 percent, despite having only 16 percent of the nation’s mortgages.Click here to view the entire Mortgage Monitor for November. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Week Ahead: The Falling National Foreclosure Rate Next: Regulator Releases HSBC from Consent Order About Author: Scott Morgan Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share 1Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Borrowers are Getting Back Into the Black January 8, 2017 3,405 Views  Print This Post Servicers Navigate the Post-Pandemic World 2 days agolast_img read more