Plans for thoroughbred racetrack in Hardwick still alive
Richard Fields' company wants to build a thoroughbred racetrack in Hardwick, Massachusetts. The town's board of selectmen voted against the proposal last month, but it's back on track. Now, the town has enough signatures to force the issue to a town referendum. Massachusetts Gaming Commission will delay its deliberations about granting Commonwealth Equine a racing license until after the referendum process is complete. The state’s last thoroughday races were held at Suffolk Downs in 2019.
Tenants for Harvard Square building to include Starbucks, taqueria, gym, Comedy Studio, a Chase Bank, Taiwanese dessert chain Tiger Sugar, Cava, and an F45 fitness center. The upper three floors of the building are being leased as office space. The century-plus-old Abbott sits at the high-profile corner of Brattle and JFK streets across from the Harvard MBTA station.
Housing production in Boston is about even with its pace last year. Boston has 3,464 building permits pulled for housing units as of October of this year, compared with 3.431 in 2021. The city had not updated its housing production reports since 2020 nor shared any targets or goals for the housing industry since Mayor Michelle Wu was elected last Year.
Adidas is raising $1 billion from Europe's bond market for the first time since dropping Ye. The sportswear brand is seeking to raise the money on Monday. It's the firm's first dive into the region's public debt market since 2020. Adidas hasn't issued bonds since 2014. Its profit outlook has deteriorated consistently this year and it now expects a full-year operating margin of 2.5 percent from a previous 4 percent target.
Labor shortages are driving the UK into a $65 billion fiscal hole. Since the start of the pandemic, more than 600,000 people have dropped out of work. The shortage is fueling inflation. Jeremy Hunt needs to fill the hole in his autumn statement.
Indigenous group and local first nation plan to build a C$600 million ($451 million) sustainable aviation fuel refinery to supply Calgary International Airport. The refinery would produce 6,500 barrels of fuel a day from canola grown on a million acres of land.
