The National Velodrome’s new developers look very good

Considering the many obstacles beyond their control that National Velodrome Center, LP and Velodrome Management Group, LLC has faced and the promise the National Velodrome brings to the City of Coatesville and surrounding areas, I believe that the City of Coatesville RDA and the Coatesville City Council should show them a little extra consideration.  

I believe the project now has 1st class developers.

Read below to see what I mean:

The National Velodrome’s new developers: 

Michael Bailkin 

 “Michael Bailkin has experience in the area of public sector incentives for private projects, primarily representing developers, companies, and institutions. Michael has worked with clients on projects that utilized over $3 billion in incentives, in a number of jurisdictions. He also has significant experience in land use enhancements, including major rezonings for a number of large scale urban projects.

Michael has served as Chairman of the Corporate Outreach Program at the Wharton School's Real Estate Center. He was also a member of the Legislative Committee of the Real Estate Board of New York and the National Policy Committee of the Urban Land Institute. Michael has written and lectured extensively on real estate and economic development, and was a contributing editor to the Journal of Real Estate Finance. As a Peace Corps volunteer in India, Michael started the first Urban Community Development Program in Asia.” 

Michael has served as Chairman of the Corporate Outreach Program at the Wharton School's Real Estate Center. He was also a member of the Legislative Committee of the Real Estate Board of New York and the National Policy Committee of the Urban Land Institute. Michael has written and lectured extensively on real estate and economic development, and was a contributing editor to the Journal of Real Estate Finance. As a Peace Corps volunteer in India, Michael started the first Urban Community Development Program in Asia.”  

http://www.akerman.com/bios/bio.asp?id=1092  

“Keith D. Coe, Chief Executive Officer VF Hotels

Mr. Coe guides the oversight and direction of VF Hotels. He is responsible for all aspects of hotel property and project development and acquisition— including site selection, feasibility studies, development incentives, municipal approvals, branding, equity placement and debt financing. Prior to joining Valley Forge Investment Corporation in 1999, Mr. Coe was Senior Vice President and General Counsel for Omni Hotels. Prior to that position, Mr. Coe served as the General Counsel for Red Lion Hotels and Inns.
  

In addition to his legal and developmental experience, Mr. Coe has an extensive background in hotel operational divisions, including risk management, human resources and asset management. Mr. Coe holds a Bachelor of Arts degree from the University of Utah and a law degree from Northwestern School of Law at Lewis and Clark College.” 

From: 

VF Hotels 

SEE:

National Velodrome Center Names New Developers

·         Written By: PCT Admin

11-23-2011

National Velodrome Center Names New Developers

Seasoned Executives Brought on to Drive Coatesville Project

On the other side I believe that the National Velodrome may have asked Crosby Wood to step aside because of this:

http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=2989 

I think the National Velodrome got jammed up, but they came out swinging. They deserve another chance. 



I'm just trying to figure out what is going on. For what it's worth some stuff from the United Kingdom:

"Who does the FSA’s intervention affect? 

Investors who have paid money to SureInvestment. 

Can I get my money back? 

The court order that freezes the assets of Mr Wilson and Weymouth Securities remains in place until trial or further order. This order prevents Mr Wilson and Weymouth Securities from paying funds out to investors. 

If Mr Wilson and Weymouth Securities have operated without FSA authorisation, investors will not have access to the Financial Ombudsman Service if they wish to make a complaint. Furthermore, they will not be covered by the Financial Services Compensation Scheme. 

We are seeking to ensure that the interests of investors and consumers generally are protected throughout the Court process and ongoing investigation. However, it is for the Court to determine whether Mr Wilson and/or Weymouth Securities have broken the law and, if so, the appropriate response. This means that the matter is subject to the Court timetable, which is outside of our control. So we are unable to estimate when those proceedings will end and whether funds might be returned to investors. 

At the current time, the law limits the amount of information we can make available on the case. However, we can say that since the Court granted the injunction, we have been liaising with the solicitors to Mr Wilson and Weymouth Securities in an attempt to progress things as quickly as possible. We will give further updates as and when we can.

Last updated: 3 February 2011"\ 

FROM: 

Freezing order against unauthorised individual suspected of operating collective investment scheme

Mr Benjamin Edward Weymouth Wilson 
Address
Russell House Oxford Road
Bournemouth
Dorset
BH8 8EX
Company Summary
Company Name Company Status
THE SUREINVESTMENT FOUNDATION
Active
WEYMOUTH SECURITIES LIMITED
In Liquidation
WEYMOUTH SECURITIES LIMITED