Cavaliers Owner Dan Gilbert Scolds LeBron in Open Letter to Fans

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Cavaliers Owner Dan Gilbert Scolds LeBron in Open Letter to Fans

In the wake of LeBron James’s decision to leave the Cleveland Cavaliers and join the Miami Heat, Cavaliers owner Dan Gilbert posted an open letter to fans on the team’s website. Mr. Gilbert, the 48-year-old chairman and founder of Quicken Loans Inc. and Rock Financial, became the majority owner of the Cavs in March 2005. (Read related article: LeBron James to Sign With Miami Heat.)

Dear Cleveland, All Of Northeast Ohio and Cleveland Cavaliers Supporters Wherever You May Be Tonight;

As you now know, our former hero, who grew up in the very region that he deserted this evening, is no longer a Cleveland Cavalier.

This was announced with a several day, narcissistic, self-promotional build-up culminating with a national TV special of his “decision” unlike anything ever “witnessed” in the history of sports and probably the history of entertainment.

Clearly, this is bitterly disappointing to all of us.

The good news is that the ownership team and the rest of the hard-working, loyal, and driven staff over here at your hometown Cavaliers have not betrayed you nor NEVER will betray you.

There is so much more to tell you about the events of the recent past and our more than exciting future. Over the next several days and weeks, we will be communicating much of that to you.

You simply don’t deserve this kind of cowardly betrayal.

You have given so much and deserve so much more.

In the meantime, I want to make one statement to you tonight:

“I PERSONALLY GUARANTEE THAT THE CLEVELAND CAVALIERS WILL WIN AN NBA CHAMPIONSHIP BEFORE THE SELF-TITLED FORMER ‘KING’ WINS ONE”

You can take it to the bank.

If you thought we were motivated before tonight to bring the hardware to Cleveland, I can tell you that this shameful display of selfishness and betrayal by one of our very own has shifted our “motivation” to previously unknown and previously never experienced levels.

Some people think they should go to heaven but NOT have to die to get there.

Sorry, but that’s simply not how it works.

This shocking act of disloyalty from our home grown “chosen one” sends the exact opposite lesson of what we would want our children to learn. And “who” we would want them to grow-up to become.

But the good news is that this heartless and callous action can only serve as the antidote to the so-called “curse” on Cleveland, Ohio.

The self-declared former “King” will be taking the “curse” with him down south. And until he does “right” by Cleveland and Ohio, James (and the town where he plays) will unfortunately own this dreaded spell and bad karma.

Just watch.

Sleep well, Cleveland.

Tomorrow is a new and much brighter day….

I PROMISE you that our energy, focus, capital, knowledge and experience will be directed at one thing and one thing only:

DELIVERING YOU the championship you have long deserved and is long overdue….

Dan Gilbert
Majority Owner

The Day the Music Died.

we-are-all-witnesses-lebron-james

Reports are leaning towards LeBron James joining Dwayne Wade and Chris Bosh in Miami and leaving the Cleveland Money($30 million smackeroos), Cleveland Fans (Who are yearning like Cubs Fans for a title for the City. Period. — At least the Cubs fans enjoyed NHL titles, NFL titles and maybe even a little White Sox title action) and poor little Cleveland/Northeast Ohio Economy (Estimates have downtown Cleveland, which is on its heels from a poor economy and bad Indians teams, losing $20 million annually due to LeBron’s leaving)

If LeBron leaves to form this Tri-Fecta of Tyranny or Triage of Terror in Miami, then I denounce the NBA. I will go out and buy all the Kansas City Royals/Pittsburgh Pirates, Detroit Lions and Los Angeles Clippers, basically every team that has no money or chooses to spend very little money and therefore never competes with the created $$$ Oligarchy. (i.e. – NY Yankees, Boston Red Sox, Los Angeles Lakers, Dallas Cowboys… basically teams that spend all kinds of sick money in search of glory and legacies whether they ruin the integrity and fandom of the sport in their pursuit.)

Here is an article I read today from FOX Sports…

LeBron James move from Cleveland to Miami appears increasingly likely as the clock counts down to his decision.

LeBron James heads the list of free agents on the open market.

Free agency buzz: Latest big news
Heat win big with Wade, Bosh
Whitlock: Blame ‘Bron’s entourage
FOX Sports Ohio: Please don’t go
Rosen: LeBron’s best option now
Kriegel: Knicks overpay, as usual
Hench: Enough already, LeBron
Rosen: Amar’e-D’Antoni, not again!
Lowry: Too much LeBron coverage
Rosen: Crazy contract offers
Hill: NBA will be a different place
FOX Sports Ohio: LeBron tracker
Ranking the top 10 free agents
Summer of LeBron page

Numerous reports Thursday morning said James is likely to join Dwyane Wade and Chris Bosh with the Miami Heat, a development that positions the team as an immediate NBA contender.

Newsday reported James was leaning toward Miami, and ESPN has reported James will join the Heat barring a change of heart before his scheduled announcement.

“I’ll be watching,” Wade told The Associated Press. “We’ve scheduled it. I’ll make sure I’m in front of the TV (Thursday) at 9 to watch like everyone else.”

Opting for Miami could cost James millions of dollars in salary. The Cavaliers could sign James to a six-year contract for about $125 million. Assuming he splits the available cap space evenly with Bosh and Wade, the most James could get in Miami would be five years and about $90 million. The difference is somewhat mitigated by the lack of a state income tax in Florida.

For the full story, click here <—-

LeBron James Fever gone Wild….

LBJ has a new twitter account…
LBJ has started a new website which will give you live feeds and updates of his annoucements…
I think the people who do care, only care about 1 announcement in particular. Where might King James spend his days and nights for the next 5 or 6 years…. Lets hope for 6 in the Q.

Here is a great ESPN article which helps put this frenzy in perspective and some interesting Fan Behavior as well.

By Tim Keown, ESPN The Magazine senior writer Tim Keown co-wrote Josh Hamilton’s autobiography, “Beyond Belief: Finding the Strength to Come Back

The idiocy is what we’ll miss. Once LeBron James announces Thursday where he’ll play basketball for the next several years, there will be no more alphabet-based songs from Broadway singers, no more fans spending their own money on billboards, no more guys waxing their chests and devising elaborate handshakes to persuade James to play basketball for their team.

AP Photo/Tony Dejak
Fans wooing LeBron James have used cars, websites, billboards, signs, songs and much more to spread their message.

The vast, endless stupidity is what separates us from other creatures. It is what makes us proud to be American sports fans. And in LeBron James we have found a remarkable confluence of circumstances, people and cities to bring the stupidity to an epic spike, a moment in time that is giving us a glimpse into the brains of a certain segment of the population.

Let’s break it down:

A pointed finger: Classic stall tactic. Caught off guard by the question, he buys himself some time by pointing at the questioner. Defuses the situation immediately by acknowledging both the question and the questioner. The outward point clearly indicates a desire to be elsewhere.

Advantage: Bulls.

Smile: He’s happy. He’s in Akron. Smile presents something of a contradiction when juxtaposed with outward pointing finger. Could be diversionary tactic. Important question not addressed: Was it a close-mouthed smile or were teeth involved? If teeth, done deal.

Advantage: Cavs.

For the full article, click here <—–

Troppe gets Hands on another Downtown Akron Building — “Thank Goodness!”

LANDMARK RESCUED

Tony Troppe renovating historic Kaiser Building for use as cafe, offices across from Canal Park

By Betty Lin-Fisher
Beacon Journal staff writer

Photo credits (Ed Suba Jr./Akron Beacon Journal)

A downtown Akron building whose last owner lost it to foreclosure after a failed attempt to sell it on eBay is getting new life under the eye of historic building renovator Tony Troppe.

Plans call for the Kaiser Building, across from Canal Park on South Main Street, to have a cafe or store in two slots on the first floor, offices on the second floor and a mix of offices and loft apartments on the third floor.

”I did not like that vacancy across the street from the ballpark,” said Troppe, who has renovated several historical buildings in downtown Akron. ”I felt for some time that a building of that stature should be brought back.”

Troppe said he wants to create ”a positive node of knowledge workers,” referring to downtown workers and students who soon will be living at the 22 Exchange Place project a few hundred feet away. He believes they will be looking for places to hang out, eat and work.

The building, believed to have been built in 1877, formerly housed a German-American Family Club and had a grand ballroom on the third floor with 18-foot-high ceilings.

Troppe envisions a world-cafe type of eatery on part of the main floor, with coffee, beer, food and live music. He also wants to create an outdoor eating area on a brick patio to the side or possibly a drive-through window. Troppe said he is in discussions with potential tenants and might run the cafe on his own, similar to Mocha Maiden on Maiden Lane off East Market Street.

Troppe, with private investors under the name Kaiser Hall Revival Group, bought the building from the mortgage lender after a sheriff’s sale for $365,000, according to public records. They have financed the project through Portage Community Bank.

The building’s previous owner, Jeremy Caudill and his company, JJC Investors Inc., had purchased it in 2005 for $650,000. But Caudill was unable to renovate the building or sell it, including an unsuccessful listing on eBay, before losing it to foreclosure for delinquent taxes and back payments to the lender.

The building, at 323 and 325 S. Main St., needed a lot of internal demolition, Troppe said. Crews began in March, and Troppe hopes to have the first floor done and open for business by fall.

FOR COMPLETE ARTICLE, CLICK HERE <—–

The Dark Angel of Akron drops some more Demonic News ~ #1-Chrysler plans to close dealerships #2-Forest City Enterprises reveals big job cuts #3-Shiloh Industries eliminating 111 jobs

#1-Chrysler plans to close 14 dealerships in Cleveland-Akron market

Northeast Ohio stands to lose 14 Chrysler dealerships from Elyria to Wadsworth, according to a U.S. Bankruptcy Court filing this morning by Chrysler LLC.

Dealerships targeted for closing include five Spitzer dealerships in Akron, Lakewood, Mayfield Heights, Parma and Sheffield Lake; three Ganley dealerships in Cleveland, Middleburg Heights and Wickliffe; and two Axelrod dealerships — Axelrod Chrysler in Parma and Axelrod-Chrysler-Dodge-Jeep Inc. in Wadsworth.

Also on the closing list are Abraham-Chrysler-Jeep in Elyria, Crestmont Chrysler Jeep in Beachwood, Great Northern Dodge in North Olmsted and Medina World Cars in Medina.

As the automaker’s bankruptcy unfolds, expect dealers to combat the closings.

Alan Spitzer, chairman and CEO of Spitzer Management Inc., could not be reached this morning and did not return a call. Nick Abraham, owner of Abraham-Chrysler-Jeep, also did not return a call.

#2-Forest City Enterprises reveals big job cuts in posting fourth-quarter loss

Forest City Enterprises Inc. (NYSE: FCEA, FCEB) has reported sizable net losses for the fourth quarter and fiscal year ended Jan. 31, while also revealing that it reduced its nationwide work force by nearly 500 full-time positions during the fiscal year as part of a cost-cutting drive to increase its liquidity.

The real estate giant said its net loss in the latest fourth quarter totaled $45.1 million, or 44 cents a share, and compares to a year-earlier profit of $12.6 million, or 12 cents a share. Revenue in the quarter fell 20%, to $323 million from $404.4 million.

#3-Shiloh Industries to close Medina County plant, eliminating 111 jobs

Shiloh Industries Inc. will shutter permanently its Liverpool Manufacturing Plant this summer, putting 111 employees at the Medina County operation out of work, according to a company filing with the state of Ohio.

Valley City-based Shiloh on Monday notified the state, via a required Worker Adjustment and Retraining Notification (WARN) Act filing, that it will close the plant. The company in March told the state that it was laying off 83 workers from its Medina Blanking Division, although those layoffs were termed “temporary.”

Shiloh, which primarily supplies U.S. domestic automakers and their vendors, has been hit hard by declining auto sales.

For full articles and more Angels & Demons type news, click here to visit Crains Business <—-

Articles above written by Stan Bullard, Dan Shingler

Akron-area home values keep sliding

Report finds 24.8 percent of Summit, Portage owners have negative equity

Published on Thursday, May 07, 2009

This article from http://Ohio.com is a bit of a micro-view segue from the previous blog article. Zillow has plenty of research and commentary to show how Akron Residential is slowly rotting from the inside, despite all the wonderful efforts of local business people. The local government needs to hopefully read this blog and many of the available resources out there screaming about the area needing help… anyhow… I digress… enjoy the articles’ worth content.

Beacon Journal staff report

Nearly a quarter of all homeowners in Summit and Portage counties owe more on their mortgage than their home is currently worth as values fell from a year ago, according to the latest research by the online real estate firm Zillow.

Home values in the Akron metropolitan statistical area — defined as Summit and Portage counties — fell 7 percent in the first three months this year compared to a year ago, according to the Zillow Home Value Index. The Zillow Real Estate Market Reports look at 161 metropolitan areas and cover the value changes in all homes, not just homes that have recently sold.

The average home price in the greater Akron area for the first quarter this year was $115,682, down 14.9 percent since the Akron market peaked in 2006, Zillow announced in a release Wednesday.

The results for Summit and Portage counties showed:

• 24.8 percent of all Akron-area homeowners now have negative equity, meaning they owe more on their mortgage than their home is currently worth. The local area still fared better than the nation overall, according to Zillow.

• Homes in the Akron area lost $815.3 million in value during the first quarter of 2009, and have lost $3.2 billion in the past 12 months.

• 28.8 percent of transactions in the past 12 months were foreclosures.

• 8 percent of homes sold were ”short sales,” meaning the proceeds fell short of the balance owed on the mortgage.

Nationally, home values fell in the first quarter, declining 14.2 percent from the first three months of 2008 to an average of $182,378.

Declining home values left 28.9 percent of all American homeowners with negative equity by the end of the first quarter, Zillow said.

”Slowing declines in select markets are a bright spot or, at least, what passes for one given current market conditions,” Stan Humphries, Zillow vice president of data and analytics, said in a prepared statement. ”Unfortunately, given the magnitude of the current rates of decline, we’re still many months away from a bottom even as depreciation slows.”

The 7 People who You Will Lose Your Bracket Pool To This Year

The 7 People who You Will Lose Your Bracket Pool To This Year

I saw this article on Rootzoo.com and was cracking up because it has happened to me almost like a leap year…

Anyway, I the story is below, but I wanted to highlight the author before the article. Click here for their link.

Introduction

It happens every year. You watch college basketball from Thanksgiving to Mardi Gras. You read every blog, know every stat and can name the 8th man on the 9th best team in the Horizon League, yet you never win your NCAA March Madness bracket pool. You always come away frustrated because your mom, Nancy from HR, Ted from Sales or one of these people beat you year after year:

Will you win or lose your bracket pool this year?

You may lose to one of these teams.

The woman who picks based on team colors

This person cannot tell the difference between Blake and Taylor Griffin, yet there red jerseys remind her of flowers so she picks them correctly in the Final Four. She hates orange because “my eyes never match anything I would wear that is orange”, so she always picks Syracuse to flame out in the first round. She eventually picks UNC to win the championship because “their blue color reminds me of, like, the sky and I, like, love to shop outside!” You find out she is ahead of you in the standings and pound your against your desk for a good twenty minutes.

The IT person who picks based on which mascot would win in a fight

While this person gets initially thrown off their strategy in the first round matchup between Davidson and Kentucky, they are back on track analyzing the strength of a panther versus the quickness of a Jayhawk. They spend too much time watching Animal face-off on Discovery and not enough time breaking down the penetrating offense of Memphis to be ahead of you in the standings. He teases you with questions like, “So is a Blue Devil a person or what?” Inevitably, they put the Panthers, Huskies, Demon Deacons and Golden Eagles in the Final Four and you realize all the time you spent listening to Hubert Davis was for naught. This makes you want to hunt down the nearest animal you can find and give it a good punt.

The HR employee who has their son or grandson fill out their bracket

Let’s face it; you are the most knowledgeable basketball fan in your office. You come in on Monday and ask your co-workers. “Did you see that Butler-Davidson game on Saturday?” This is usually met with a blank stare, “I was too busy catching up on Lost”, or “No, I was enjoying the outdoors.” What a bunch of losers, you think, and you are already spending the money you will pocket from your pool. However, the tournament rolls around and you realize that the nice old lady from HR is ahead of you and there is no way you can catch her. What is her secret? She more than likely had her son or grandson, who has the same lifestyle as you, fill out her bracket for her. She has an almost identical bracket to yours, with all the same teams in the Final Four and Championship. However, he was able to see that one Cinderella that you overlooked because he realized their three point shooting was deadly in stadiums that held more than 15,000 people, a stat you failed to overlook. You vow next year to break down every possible stat and get your revenge on that nice lady who validated your expense report last week.

The new dad whose newborn kid picks the winners

This is one of the worst because you are left with the realization that despite all the basketball you watched this season, you can’t even pick the winners better than an infant. This very happy dad puts the teams on separate pieces of paper and has their son/daughter pick the team out of the hat that he thinks will win. You laugh at his initial bracket because he has picked #16 South Alabama to beat #1 UNC in the first round. “I’m just in it for fun, my kid picked the winners”, retorts the happy father. You slyly walk back to your desk with a smile on your face that shows what a sucker you think this guy is. However, he gets the last laugh when you realize that lucky pick in 1993 of #15 Santa Clara over #2 Arizona killed your Final Four, while he is laughing all the way to the bank to deposit that money in his kid’s college account all while saying “I never watched a minute of basketball all year, not even the tourney. I spent all that time with my kid. Did I tell you he picked my bracket… and it WON!!” You plot to rob that bank to steal all that money but instead vow to find a wife to make your own baby for next year.

The accountant who bases his picks based on a certain criteria based on everything except sports

You look at this person as your most formidable opponent in your scouting report of the office. “I bet this person has an Excel spreadsheet breaking down every stat of every team and it spits out the winner for him! I bet he has some made up stat that nobody else has ever thought of”, you think. What you don’t realize is yes, he does have a spreadsheet, but no, none of the inputs has anything to do with sports. Student enrollment, number of famous alumni, endowment size and number of majors are just a few of the factors that his spreadsheets take into account when picking his final four. While he always picks the Ivy League participant to win their first round game, the rest of his spreadsheet is surprisingly effective at predicting the outcomes. “But where does the offensive efficiency of Xavier factor into his projections,” you wonder. You then conspire to plant a virus on his computer to destroy that program when you realize he can’t even tell you that mascot for Xavier.

The NBA addict whose NBA fantasy team picks the winners

This guy knows a lot about basketball, yet knows nothing about NCAA basketball. You always ask if he caught the game over the weekend but he simply replies with an ignorant remark like, “I only watch the best basketball players in the world play and you can only find them in the NBA. I won’t watch college basketball until they put the semi-circle under the basket.” He begrudgingly enters the bracket pool, mainly because he loves to gamble and wants to show everyone how easy it is to pick NCAA games. He bases his picks based on which colleges have the best alumni in the NBA. This means he immediately rules out Duke from the Elite 8 because of the failures of Christian Lattener and Trajan Langdon, while he picks Memphis to repeat in the Final Four because “Rose is my fantasy PG and he is putting up big numbers this year”. You scoff at his picks because he is picking based on players who are no longer playing at their respective schools. Before long, however, you realize that his picks are pretty spot on and he is ahead of you in the standings for another year. You vow to never watch an NBA game ever again.

The casual fan who copies his favorite analyst’s bracket

You wake up early Saturday every morning to watch College Gameday and see what color Digger’s tie and highlighter will be, what idiotic thing Hubert Davis will say and hope Bob Knight will forget where he is and start swearing like an angry contestant on I Love Money 2 about the lack of consistency in the block/charge call in college basketball. While Jay Bilas spouts the occasional good nugget about Siena’s star player that you tuck away for future reference, you realize most of the stuff they say is useless for your tournament bracket. Then comes the selection show that you have waited for since the buzzer sounded last April on Kansas’ victory over Memphis. The bracket comes out and you need some time to digest and pour over all the possibilities before you decide who will cut down the nets. You watch the end of the selection show and see Bilas, Phelps and Vitale give their projections for the tournament. You scoff as they have no seed higher than a #5 seed in the Elite Eight. “Take a chance! There’s no way the bracket will be chalk the whole way.”
You go to work the next day amid excited chatter about the bracket. You attempt to make conversation with someone about it who you find out “basically did Dick Vitale’s bracket because he likes Duke and I really like Duke..did you see them play last night? Kyle Sandler was looking nice.” You shake your head and walk back to your cubicle knowing that this guy has no shot of winning the pool. However, lucky for this guy, this is the one year out of 20 that no major upsets happen and Vitale’s chalk bracket ended up winning the tournament. Your hate for Vitale grows exponentially as you know he now cheated you out of a Blu-Ray Player.

Wrap-up

So which one do you think is the worst way to lose?

Have you ever been one of these people?
Lost to one of these people?
Recognize one of these attributes in someone?
Can you think of any others?
Leave some comments.

Hope you enjoyed.

All Boarded Up ~ Groundroots Fortitude!

TONY BRANCATELLI, A CLEVELAND CITY COUNCILMAN, yearns for signs that something like normal life still exists in his ward. Early one morning last fall, he called me from his cellphone. He sounded unusually excited. He had just visited two forlorn-looking vacant houses that had been foreclosed more than a year ago. They sat on the same lot, one in front of the other. Both had been frequented by squatters, and Brancatelli had passed by to see if they had been finally boarded up.

They hadn’t.

But while there he noticed with alarm what looked like a prone body in the yard next door. As he moved closer, he realized he was looking at an elderly woman who had just one leg, lying on the ground. She was leaning on one arm and, with the other, was whacking at weeds with a hatchet and stuffing the clippings into a cardboard box for garbage pickup. “Talk about fortitude,” he told me.

In a place like Cleveland, hope comes in small morsels.

The next day, I went with Brancatelli to visit Ada Flores, the woman who was whacking at the weeds. She is 81, and mostly gets around in a wheelchair.
Flores is a native Spanish speaker, and her English was difficult to understand, especially above the incessant barking of her caged dog, Tuffy. But the story she told Brancatelli was familiar to him.
Teenagers had been in and out of the two vacant houses next door, she said, and her son, who visits her regularly, at one point boarded up the windows himself. “Are they going to tear them down?” she asked. Brancatelli crossed himself. “I hope so,” he mumbled.

Prayer and sheer persistence are pretty much all Brancatelli has to go on these days.

Cleveland is reeling from the foreclosure crisis. There have been roughly 10,000 foreclosures in two years. For all of 2007, before it was overtaken by sky-high foreclosure rates in parts of California, Nevada and Florida, Cleveland’s rate was among the highest in the country. (It’s now 24th among metropolitan areas.) Vacant houses are not a new phenomenon to the city.

Ravaged by the closing of American steel mills, Cleveland has long been in decline.

With fewer manufacturing jobs to attract workers, it has lost half its population since 1960. Its poverty rate is one of the highest in the nation. But in all those years, nothing has approached the current scale of ruin.

For the entire article, which is a great piece of journalism, click here.

Alex Kotlowitz teaches writing at Northwestern University and is a regular contributor to the magazine. His last cover article was about urban violence.

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The Foreclosure Identity…starring Banks and How they are making things Worse!

The bad mortgages that got the current financial crisis started have produced a terrifying wave of home foreclosures. Unless the foreclosure surge eases, even the most extravagant federal stimulus spending won’t spur an economic recovery.

The Obama Administration is expected within the next few weeks to announce an initiative of $50 billion or more to help strapped homeowners. But with 1 million residences having fallen into foreclosure since 2006, and an additional 5.9 million expected over the next four years, the Obama plan — whatever its details — can’t possibly do the job by itself. Lenders and investors will have to acknowledge huge losses and figure out how to keep recession-wracked borrowers making at least some monthly payments.

So far the industry hasn’t shown that kind of foresight. One reason foreclosures are so rampant is that banks and their advocates in Washington have delayed, diluted, and obstructed attempts to address the problem. Industry lobbyists are still at it today, working overtime to whittle down legislation backed by President Obama that would give bankruptcy courts the authority to shrink mortgage debt. Lobbyists say they will fight to restrict the types of loans the bankruptcy proposal covers and new powers granted to judges.

The industry strategy all along has been to buy time and thwart regulation, financial-services lobbyists tell BusinessWeek . “We were like the Dutch boy with his finger in the dike,” says one business advocate who, like several colleagues, insists on anonymity, fearing career damage. Some admit that, in retrospect, their clients, which include Bank of America (NYSE:BAC – News), Citigroup (NYSE:C – News), and JPMorgan Chase (NYSE:JPM – News), would have been better off had they agreed two years ago to address foreclosures systematically rather than pin their hopes on an unlikely housing rebound.

For full article, visit this link… http://news.yahoo.com/s/bw/20090213/bs_bw/0908b4120034085635;_ylt=AtWsJftLkHmVUS64jGxOxMayBhIF