Little Pembroke gets big

first_imgPembroke College is to expand significantly in a building project which will add two new quads to its existing city centre site. Pembroke, currently one of Oxford’s physically smaller colleges, will have its main site increased by around 30 per cent. The large development will create a café, seminar rooms, art gallery, assembly room and an all-purpose auditorium, together with accommodation space for a whole year of Pembroke undergraduates. The work will include the demolition of a collection of buildings acquired by the college in recent years, including old industrial and retail sites to the south of Brewer street. These will be replaced by two new quads in the collegiate style, to be connected to the existing site by a footbridge over the street. The expansion has been made possible by a fundraising campaign called ‘Bridging Centuries’, through which the college has already raised £9 million out of a targeted £17 million of donations. It is part of Oxford University’s ‘Oxford Thinking’ campaign, which recently passed the £1 billion mark. The overall cost of the project is £29 million, the remainder of which will be provided by a bank loan. The development is the culmination of years of planning by the college. Giles Henderson, the Master of Pembroke, said, “It is no mere annexe we are building. This is a major extension of our main site which will benefit members of Pembroke and visitors for years to come.” Andrew Seton, Strategic Development Director at Pembroke, called the project “nothing short of transformational”. Mr Seton added, “Pembroke is a great community. It has not had the same facilities as other colleges. Our students deserve more than there are at the moment, and this lovely expansion will provide for that.” Students have expressed their enthusiasm for the plans, which will also provide a number of en-suite study bedrooms. Alex Joynes, a second-year student at Pembroke, said, “It’s all very exciting for us. For me, the most impressive plans are those for the art gallery and auditorium, which will really help to show Pembroke’s strong arts side.” A fundraising campaign is appealing to alumni and friends of Pembroke from across the Atlantic, with separate UK and US campaign boards which launched respectively in London and Washington DC last month. The college still needs a further £8 million of donations to ‘Bridging Centuries’ to enable on-time completion, intended for 2012.last_img read more

Patchogue Armed Home Invasion Probed

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Suffolk County police are investigating an armed home invasion in Patchogue last week, authorities said.Two masked gunmen—one armed with a pistol, the other with a shotgun—entered a West Main Street apartment through the front door and demanded money from the victims inside at 9:35 p.m. Monday, Feb. 23, police said.The suspects then fled the scene. The victims were not injured. No arrests have been made.The suspects were described as 6-foot-tall black men with thin builds wearing dark-colored clothing.Fifth Squad detectives are continuing the investigation.last_img

UK Coal wind-down will not increase PPF liabilities

first_imgThe managed closure of UK Coal, supported by the UK government, will not create additional liabilities for the Pension Protection Fund (PPF), the lifeboat fund has said.Business minister Michael Fallon yesterday announced that the government would loan UK Coal £10m to help the company wind down two of its mines over the next 18 months, as they currently employ around 1,300 people.The alternative – an immediate insolvency of the company – would have resulted in “significant losses and liabilities” for British taxpayers, Fallon said in a written statement to Parliament.UK Coal was placed into administration last July, largely because of a fire which led to the closure of one of its mines. At the same time, the company agreed a restructuring of its business, allowing its two underfunded defined benefit (DB) schemes to enter the PPF.The UK Coal sections of the Industry Wide Coal Staff Superannuation Scheme and the Industry Wide Mineworkers Pension Scheme have around 7,000 members and are among the biggest funds the PPF has taken on to date.Since last July, however, the company’s commercial outlook has deteriorated further, largely because strengthening sterling has hit exports.A PPF spokesman said: “We expect to make a recovery from this arrangement such that we would be no worse off than if UK Coal had passed into immediate liquidation last July.”He added that the cost of the claim was disclosed in its most recent annual report, which cited a £500m impact from the transfer of the scheme.As at end-March 2013, the PPF was 109.6% funded. The £500m liability assumed since then has reduced its funding position to 107.1%.The PPF said: “Our priority all along has been to protect the interests of the pension schemes that fund the PPF through their levies and of the nearly 200,000 people whose pension benefits we have secured.“This includes those of current and former UK Coal employees, who will receive PPF compensation, either now or in the future, to provide them with security in retirement.”last_img read more