From Business Today:
The other shoe has dropped in the Steven J. Baum PC debacle. Pillar Processing, a back-office document processing firm that existed almost solely to process paperwork from the Baum firm's mortgage foreclosures, will close. The Amherst company will lay off 590 full-time and part-time employees in Amherst Feb. 27. Another 20 people will get pink slips on Long Island.
McKinley's Banquet and Conference Center in Blasdell closed abruptly, leaving several people who had already booked weddings and parties there suddenly without a venue. But owners said they are working with all of their customers and a few local businesses to relocate the parties to new banquet facilities in the area. Co-owner Ravi Sabharwal, who also owns Tandoori's Indian restaurant in Williamsville, said he had been losing money at McKinley's for 10 years and had to walk away.
One of three people who had planned to buy the Westwood Country Club has walked away, but his two partners have vowed to move on without him. Real estate developer John Yurtchuk said the deal no longer appealed to him, citing negotiation and approval process delays as well as restrictive contract language.
Western New York's Regional Council presented its strategic plan in Albany Wednesday. Now all it can do is sit back and wait to see if it will be one of four groups to receive $40 million in job-creation funding. Recipients will be announced next month.
Who is getting hired, promoted and honored?
The waiting is the hardest part: