Correction and Apology
Thanks for the public relations specialist, Jane E. Rubinstein for pointing out some errors we made in the story we posted yesterday. We’ll keep your eye on the ball next time.
cheers, Mike 
A number of errors, for which we apologize, have been pointed out to us in our report last month entitled, “Multi-million dollar down payment by ski promoter avoids New Jersey tax increase” This report was intended to refer to payments made by Riverhead Resorts to the Town of Riverhead in New York state, but we made errors as follows:
The project made payment to the Town of Riverhead.
Within the Town, the project is located in an unincorporated area known as Calverton. The Town of Riverhead, which made statements related to the payment and avoidance of tax increases, and the project are located in New York State, not New Jersey.
Original posted story:
Multi-million dollar down payment by ski promoter avoids New Jersey tax increase
The completion of a high seed rail link between China’s capital Beijing and the city of Tianjin has reportedly led to plans to accelerate the “economic integration of the cities” according to a report from the region’s council entitld “Suggestions on Promoting Development and Opening-up of Tianjin Binhai Development Zone” .
Along with the 120km express railway which was completed on June 30th and regular passenger service began on August 1st allowing the train to reach speeds of 300 kph (190 mph) and chopping commuting times from 2 hours to 30 minutes.
Despite fears of a depression in the Chinese housing market there are hopes of a property revival in Tianjin as prices here were much lower than Beijing, but with the new fast rail link are expected to rise as commuting becomes much more viable. In response where housing firms such as the Singyaoo Group has already bought a 734 hectare piece of land in the southwest part of the city.
Singyaoo is planning to build a “new downtown” in Jiahu district consisting of living and recreational facilities such as an enormous indoor ski run, swimming and surfing pool, a pedestrian mall and a seven-star hotel designed by Richard Mayer, a leading US architect. China CITIC Bank will provide a loan of 20 billion yuan for the mammoth construction project.
We are building a new world here - a world for world-level entertainment and relaxation, ”
Yan Yu, chairman of Singyaoo Group told China Business Weekly.
In Snowmass and Aspen, the covers are set to come off the turnstiles on November 27 as the lifts start cranking up skiers for a fresh new season, as the region recently unveiled the skiing calendar for the 2008-09.
The traditional sanctioned events will be there with the Women’s World Cup set to kick things off from November 28-30, on Aspen Mountain. ESPN Winter X Games return to Aspen/Snowmass on Buttermilk for the seventh consecutive year, January 22-25, 2009.
Buttermilk will also introduce a new Olympic sanctioned 22-foot half pipe next season, which adds four additional feet to each wall of the pipe, sending skiers and riders higher than ever.
Aspen Highlands will add 18 additional acres of skiing and riding in the Deep Temerity area of the mountain called Canopy Cruiser.
The 2007/2008 season was a record snowfall season for the region with 1,142 cm/11.4 meters/ falling over the six month winter despite a disappointing start to the winter.