FAU in Fort Lauderdale
Boca Raton-based Florida Atlantic University is shuttering its downtown Fort Lauderdale campus, the South Florida Business Journal reported. The downtown campus, which teaches courses in architecture and design, will close by June 2013 in a cost-cutting move aimed at saving just under $2 million. The school will also be shutting down a campus in Port St. Lucie this year. Last year, the school opened a new $70 million football stadium on its Boca Raton campus. [SFBJ]
Bernie Kosar, former University of Miami quarterback and star with the National Football League’s Cleveland Browns, has filed for personal bankruptcy, as have a number of his companies, which list his Weston mansion as their address. Kosar said the collapse of the real estate market tanked a Tampa area multi-family development plan. His lawyer, Julianne Frank, said she is seeking a judge’s ruling to consolidate the restructuring of KHOC LLC, BJK LLC and Mantua Land Co. Mantua Land and BJK are land and real estate related businesses, and KHOC is the company for Kosar’s minority interest in the Florida Panthers hockey team, which reportedly is close to being sold for $240 million. [Miami Herald] and [Miami Herald] Comments
Former Miami Dolphins quarterback Bernie Kosar, a beloved figure in
Florida football, took a $4.2 million hit from National City Bank in a
judgment against his real estate and restaurant investments. It’s the
latest economic tackle for the former University of Miami and Cleveland
Browns star, who ended his NFL career with the Dolphins in 1996. The
latest legal clash, over an unspecified promissory note, follows
foreclosures on real estate investments in April and May, as well as a
slew of personal tax woes for the Weston resident. [more]
