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ITT Technical Institute
ITT fights to stem tumbling enrollment
March 16, 2013
J.K. WallA federal investigation and a shareholder lawsuit are the latest headwinds to threaten ITT Educational Services Inc., which
is trying to reverse a precipitous decline in enrollment.
MoreITT suffers tough quarter on enrollment drop, loan losses
January 24, 2013
J.K. WallITT Educational Services Inc. shares swooned Thursday morning after the private educator reported sinking revenue and a $9.5
million loss in the fourth quarter. But the stock rebounded strongly later Thursday.
MoreAnalysts: ITT's woes are likely to worsen
January 12, 2013
J.K. WallInvestors have dumped the already-depressed shares of ITT Educational Services Inc. after the operator of for-profit colleges
shelled out $46 million for bad private student loans it had backed to help students pay the portion of its pricey tuition
that federal loans won’t cover. With fewer ITT graduates able to find jobs, the default rates on these loans has spiked.
MoreNew student-loan effort adding to ITT backlash
August 11, 2012
Greg AndrewsFor-profit school operator ITT Educational Services Inc. told investors late last month that it had worked out a tentative
deal with an outside party that would provide $100 million in loans to its students.
MoreITT Educational's profit plunges, but tops analyst expectations
January 26, 2012
J.K. WallThe Carmel-based operator of for-profit colleges earned $76 million in the quarter compared with $97.5 million in the same
quarter of 2010. Revenue fell 10 percent.
MoreFor-profit colleges face curbs on aid in new veterans bill
January 23, 2012
For-profit colleges like Carmel-based ITT Educational Services would be forced to rely less on federal money under a bill
aimed at curbing the marketing of degrees to soldiers and veterans.
MoreFor-profit colleges make costly loans, report says
February 2, 2011
Bloomberg NewsCompanies including ITT Educational Services Inc., DeVry Inc and Career Education Corp. are making loans with “high
costs” and “predatory terms,” the group said.
MoreUPDATE: ITT Educational profit gives shares a boost
January 20, 2011
IBJ Staff and Bloomberg NewsShares of ITT Educational Services Inc. rose the most in a year Thursday after the for-profit educator reported a fourth-quarter
profit that beat analysts’ estimates.
MoreITT Educational OKs bonuses to keep managers in place
December 27, 2010
IBJ StaffCarmel-based ITT Educational Services Inc.’s management team will get special cash bonuses if they remain with the company
until the end of June, ITT disclosed in a regulatory filing last week.
MoreITT Educational, for-profit peers reaped $521M from military
December 9, 2010
Bloomberg NewsTwenty for-profit colleges—led by Carmel-based ITT Educational Services—reaped $521 million in U.S. taxpayer funds
in 2010 by recruiting armed-services members and veterans through misleading marketing, according to a Congressional report
released Thursday.
MoreProposal: Link federal aid to performance of ITT, peers
July 23, 2010
Bloomberg NewsThe Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid,
threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services
is among those potentially affected.
MoreSenator: For-profit colleges require tougher oversight
June 24, 2010
Bloomberg NewsFor-profit colleges like ITT Technical Institutes need tougher oversight and regulation, according to a report from a Democratic
Senate committee chairman that questions the industry’s advertising spending, tuition costs and reliance on taxpayer
money.
MoreNew federal rules target for-profit college recruiting
June 16, 2010
Bloomberg NewsThe Obama administration proposed banning for-profit colleges, including Carmel-based ITT Educational Services Inc., from
tying recruiters’ pay to the number of people they enroll, saying high-pressure sales tactics induced students to take
out government loans they can’t afford.
MoreITT Educational posts first-quarter profit, raises forecast
April 22, 2010
J.K. WallThe Carmel-based operator of for-profit colleges pulled in profits of $85.7 million, or $2.46 per share, up nearly 44 percent
from the same quarter a year ago.
MoreEducation stocks rise as reports hint at looser rules
April 13, 2010
Bloomberg NewsShares of ITT Educational Services rose 9.6 percent Tuesday, their biggest gain in seven months.
MoreITT 'buying accreditation' strategy makes critics uneasy
March 22, 2010
Bloomberg NewsITT Educational Services and other for-profit educators are buying not-for-profit colleges to gain access to their regional
accreditation. The tactic could fuel rapid growth but makes critics uncomfortable.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.