Sunday, May 11, 2008
SchenkelShultz Architecture, Tampa, Designs Marion County Public Schools' New Horizon Academy at Marion Oaks in Ocala, FL
TAMPA, FL – The Tampa office of SchenkelShultz Architecture designed Marion County Public Schools’ new $33.7 million, 168,000-square-foot Horizon Academy (top right photo) at Marion Oaks, an adaptation of the acclaimed SchenkelShultz middle school prototype design, in Ocala, FL.
Designed to initially accommodate 1,352 students in grades 4 through 8, the facility will ultimately serve as a middle school only. The academy features a secure central courtyard, 32 general classrooms, seven technology labs, three science labs, three development skills labs, and a media center with a closed circuit TV studio.
Also included are a one-story administration office, cafeteria, music suite and gymnasium located at the front of the school to allow for easy after-hours usage. In addition, six vocational labs offer agriculture, business education, family and consumer science, health occupation, technology, and public service education.
Grades 4 and 5 are now open and grades 6-8 will open in August 2008. Ajax Building Corporation, Tampa, FL, serves as construction manager. SchenkelShultz Architecture, Tampa, is located at 4890 W. Kennedy Boulevard, Suite 930, Tampa, FL, phone 813-383-5500.
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NEW YORK, NY-- A decrease in liquidity, combined with near-term debt maturities resulted in Fitch placing Sovran Self Storage’s(Sovran) Issuer Default Rating (IDR) on Negative Watch, according to the latest credit analysis update by Fitch Ratings.
Sovran’s existing ratings are supported by strong coverage metrics and solid operating performance. Fitch placed Sovran’s IDR on Rating Watch Negative on April 8, 2008 Fitch's latest credit analysis update on Sovran, which provides more detail supporting Fitch's rating actions, is available on the Fitch Ratings website at ' http://www.fitchratings.com.
Fitch currently rates Sovran and affiliate Sovran Acquisition Limited Partnership (SALP) as follows: Sovran--IDR 'BBB-'.SALP--IDR 'BBB-';--Senior unsecured revolving credit facility 'BBB-';--Senior unsecured term notes 'BBB-'.
Primary credit strengths include the following:--Strong fixed-charge coverage;--Solid property-level fundamentals;--Manageable leverage and adequate risk-adjusted capital.
Primary credit concerns include the following:--Limited liquidity;--Significant near-term debt maturities;--Geographic concentration.
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