The Palm Beach Post from West Palm Beach, Florida on March 27, 1998 · Page 39
Get access to this page with a Free Trial
Click to view larger version

A Publisher Extra Newspaper

The Palm Beach Post from West Palm Beach, Florida · Page 39

West Palm Beach, Florida
Issue Date:
Friday, March 27, 1998
Page 39
Start Free Trial

Page 39 article text (OCR)

FRIDAY, MARCH 27, 1998 The Palm Beach Post SECTION D B "Friday; J NX 200 Meditrust workers coming to Fla. Abe Gosman is moving more of his business to the Medical Mall in Palm Beach Gardens. j Loop Rd. . UlAyl X -r -. Gardens Blvd. Palm 'I 211 Beach Gardens ' S v Gardens i ll mall est Free radio : comes with hefty price tag one day later r I A he next time you think about ac- . .' I cepting free stuff at a car deal-: JL er's giveaway, think about Jane Rankine. She's an 84-year-old woman who I thought it would be fun to pick up a free are among the tenants. PhyMatrix, which is headquartered at Phillips Point in West Palm Beach, also is expected to move into the building in the next year. Dasco, a PhyMatrix subsidiary that develops medical office buildings, moved in last year. Critics say Gosman is moving in Meditrust employees because he failed to attract enough doctors to the building. "I don't care what they think," said Gosman, whose reputation for building wealth is legendary on Wall Street. So why move part of Meditrust here? "I live here, and (employees who visit) Please see MEDITRUST2D PGA BJvdi By Phil Galewitz Palm Beach Post Staff Writer -. PALM BEACH GARDENS Health-care magnate Abe Gosman, who brought his fortune and chowder-thick Boston accent to Palm Beach in 1986, is moving a big chunk of his Meditrust Cos.' operations to Palm Beach Gardens from Massachusetts. About 200 Meditrust employees are expected to relocate this summer to the Medical Mall, the $90 million outpatient complex that Gosman opened last year. Meditrust, a real estate investment trust and one of the largest financiers of health-care properties, owns the complex at PGA Boulevard and State Road Alternate A1A The complex includes a 10-story office building and The Gardens Court, a skilled nursing facility. Another Gosman-owned company, Phymatrix Inc., operates the mall. The move will ensure that all of the office building's 180,000 square feet get filled, Gosman said. About 25,000 square feet remain vacant. About 25 physicians, including several practices managed by PhyMatrix, W' A W MARK HEMPHILLStaff Artist Sellers are hoping that a strong economy will be a boon for boat sales this weekend at the Palm Beach Boat Show. radio at Palm Beach Lincoln-Mercury. The radio was hers if she just stopped by the West Palm Beach showroom. The treat turned into a trick a few hours later, when Rankine bought a car she didn't want and gave up a car LS Nir mrril tini oat sales riding on crest Alexandra Clough of surging stock market ; she loved, accord- : ing to a lawsuit she Z filed against the dealership. Late last Z year, a Palm Beach County Circuit ; Court jury agreed, finding the dealer- ship committed civil theft and fraud. The jury hit the car dealer for $60,300 Z $10,300 in compensatory damages . and $50,000 in punitive damages. Was the jury out of line? Judge Rich- ard Wennet doesn't think so. Last month, Wennet upheld the pu-I nitive award, calling inappropriate the "basic philosophy of taking a car from '-Z an individual, especially an older indi- vidual. ... It just was really a tragic - case." Z Palm Beach Lincoln-Mercury, ; owned by wannabe impresario Robert S. Cuillo whose name adorns the closed Burt Reynolds Institute for The- atre Training in downtown West Palm I Beach has denied the allegations ; and is appealing the decision. People may complain about high- pressure sales tactics at car ships, but it's still pretty rare for their T. complaints to make it all the way to a ju-,. ry trial. ; Rankine's journey to the jury began - in 1994, when she, her sister (who has Alzheimer's disease) and a 94-year-old neighbor stopped by on a lark. Pratt's F-22 engine being tested again by Air Force Engineers say they've identified the problem that caused an engine to fail during testing this month. By Stephen Pounds Palm Beach Post Staff Writer The Air Force has begun testing again of the F-22 and its Pratt & Whitney engines after they were inspected for problems that caused one engine to fail earlier this month, company officials said Thursday. An F119 engine, designed by Pratt's engineers in northwestern Palm Beach County, failed during testing on March 6 at the Air Force high-altitude test operation in Tullahoma, Tenn. After seeing sparks flying from the engine, engineers shut it down. A seal used to prevent the backward flow of air after it enters the engine cracked, and a stone-sized hhhhbhbmbhm piece of the seal We'll be very care- Jul with it We'll sor, tearing and have significant sidethe .; testing done by jet engines April that will are ma,de t0 7a withstand ice or help us close on birds flving int0 this.' them, but not something TED FARMER sharp and me-Pratt program manager tallic, said Pratt mmmmmm F-22 program manager Ted Farmer. The F119 that failed had a modified part that allowed a greater amount of air into the engine, causing the seal to vibrate and crack. The F119s on jets in testing at Edward Air Force Base in California and at prime contractor Lockheed Martin in Georgia don't have the modified part. Still, the Air Force put further testing on hold until Pratt could inspect the engines to ensure they 'it iL fey STEPHANIE WELSHStaff Photographer Rob Raymond, owner and president of Palm Beach Yacht Brokerage, shows off several of his boats on display at the Palm Beach Boat show Thursday in downtown West Palm Beach. 4. Once at the dealership, Rankine Z says she was pushed into test driving a ; 1992 Mercury Grand Marquis by a " pleasant but insistent salesman. I Rankine signed a few papers, which -Z she was told were to protect the dealer-' ship while she tried out the car. She agreed to drive the car for a few days - just to appease the salesman, her law-" suit said. All the while, she thought her be-Z loved 1989 Grand Marquis would be j safely held by the dealer for her to pick up later, her lawsuit said. But when Rankine went to retrieve her car the next day, she was told it had been sold and was in Canada. Z They took such gross advantage of a little old lady who was doing a favor to Z the salesman by taking the test drive," said Rankine's lawyer, Raymond In- galsbe. Rankine was unavailable for comment Not so fast, says Palm Beach Z Lincoln-Mercury's lawyer, Robert Haile. " Under Florida law, people have a duty ; to read contracts, Haile said. And Rankine, "while a lovely lady, admitted she never bothered to read ; the contract that indicated she was a buyer," Haile said. 1 Haile said a buyer's duty to read a 'I contract was excluded from jury in- structions, and that exclusion is one of the reasons the dealer is appealing. By Michael Utley Palm Beach Post Staff Writer WEST PALM BEACH Titanic may have won the Academy Award for best picture, but if you're looking for the best boat show with real boats, some locally built a formidable nominee has just sailed into town. And you won't have to sit in a dark theater for three hours to see this one. Blue skies and cool breezes greeted the start of the 13th Annual Palm Beach Boat Show on Thursday. The event, which continues through Sunday along West Palm Beach's Flagler Drive waterfront, features more than 700 yachts, fishing boats and personal watercraft. These are good times for the boating industry, which just recently overcame the adverse effects of a 10 percent luxury tax. The levy sank many shipbuilders and boat brokers before it was repealed by Congress in 1993. Today, as the raging stock market continues to produce record numbers of new millionaires, high-end boat shops are benefiting greatly. Nationwide, retail sales of boats and related marine supplies rose to $19.3 billion in 1997, up more than 8 percent from the Hease see B0ATS2J 13th Annual Palm Beach Boat Show LOCATION: Flagler Drive between Clematis and Fern streets, downtown West Palm Beach. From Interstate 95, take the Okeechobee Boulevard exit and drive east to the park-and-ride lot next to the Kravis Center for the Performing Arts. HOURS: 10 a.m. to 8 p.m. today and Saturday; 10 a.m. to 6 p.m. Sunday. ADMISSION: $7 for adults, $2 for children 6-12. Children under 6 free. (Free admission for one adult with youth age 16 or under who is registered for one of the six kids fishing clinics offered Saturday and Sunday.) PARKING: Park at the downtown garage at Ever-nia Street and South Olive Avenue or the park-and-ride lot next to the Kravis Center for the Performing Arts on Okeechobee Boulevard. The $5 park-and-ride fee includes shuttle bus service. COMING BY BOAT? Free dock space is available at the south end of the show. CLINIC AND SEMINAR INFORMATION: See Page 2D OTHER QUESTIONS? Call 8335711. Please see CAR DEALERSHIP, it BE Dow closed at: 8,846.89, down 25.91 NYSE composite: 572.21. down .55 Nasdaq: 1,854.54, up 4.03 Amex: 739.39. up 2.50 Toronto: 7,569.31, down 9.91 Dow: Minute by minute Orange Blossom Mall owner talking with IRCC, St. Lucie schools about sale wouldn't face the same problem, Farmer said. Pratt has brought in another engine to test in Tennessee. The failed engine is at Pratt's local plant for engineers to inspect. "We'll be very careful with it," Fanner said. "We'll have significant testing done by April that will help us close on this." Senate committee critical The problem won't mean additional costs to the taxpayer, Farmer said. But delays in testing and the F-22 program's costs have come under fire from ; members of the Senate Armed Services Committee, who reacted this week to a General Accounting Office recommenda- " tion that, because of the problems, pro- ' curement of two F-22s should be pushed ; back a year. Now, $595 million is budgeted ; for the F-22s in the federal government's ; fiscal year that begins Oct. 1. I The remainder of the $813 million procurement budget for support equip- " ment and spare parts would stay, as would $1.5 billion in development costs next year, Air Force officials said. Neither the Air Force nor Pratt could say how much of the $595 million is earmarked for Pratt The Air Force said a delay would bump up the program's costs by $4 billion, push back the scheduled November 2004 entry -of the F-22 into operation and disrupt the contracting team of lxckheed, lYatt, Northrop Grumman and Boeing Co. But Sen. Dan Coats. R-Ind.. chairman of the Armed Services' aviation subcommittee, said the GAO study poses hard questions for the committee. "We are trying to find the best way to build a new plane without getting into the problems we have had with previous systems." Coats said. Palm Beach Post uir sen-ices contributed to this report 10 11 a.m. f Fort ' Pierce ; IN .C s in EAards Road ."-'M'lf " Dramatic changes are ahead for Orange Blossom. "It's always wise to plan ahead, and I think that's what's happening here," school board Chairwoman Karen Knapp said Thursday. "I don't think it's anything more than consid eration right now." Representatives of the mall's owner, Johnstown, Pa.-based Zamias Services, made the offer this month in a meeting with St. Ioicie Schools Superintendent Bill Vogel and Indian River Community College President Edwin Massey, both officials confirmed. The asking price for the mall r not including its two anchor store 'slots is $(i million. Vogel said. ' Zamias Services President Dami- By Kris Hudson Palm Beach Post Staff Writer FORT PIERCE Orange Blossom Mall's days as a shopping center might be numbered. Officials of the St. Iicie County School District and Indian River Community College are reviewing the owner's offer to sell them the half-empty Fort Pierce mall for use as classroom and administrative space. Orange Blossom was the Treasure Coast's first and, for a time, its only enclosed shopping center. Local education officials say additional administrative space doesn't top their list of priorities, and Orange Blossom's owner savs he's considering several options for the beleaguered 14-year-old mall. . One thing seems clear, though: ihF 11 LiM LArtSOY Staff Artist 7 Arm 12 W 1- 1-23 2 2-20 M 3-20 6rea4 macate rrwe? holxjak Orange Blossom was the Treasure Cxist's first and, for a time, its only enclosed shopping centci' Please see ORANGE BLOSSOM2)

Get full access with a Free Trial

Start Free Trial

What members have found on this page