Heavy police presence reported in Cape Coral neighborhoodWarm afternoon with stray showers possible inland
CAPE CORAL Heavy police presence reported in Cape Coral neighborhood The Cape Coral Police Department is responding to a scene located at Southwest 45th Street and Pelican Boulevard.
The Weather Authority Warm afternoon with stray showers possible inland The Weather Authority is tracking a warmer Wednesday afternoon with a chance for stray showers, primarily inland.
SANIBEL Lee County parents push for clarity on school reopenings post-Milton Parents are demanding answers from the Lee County School District. It’s still not clear when students will return to Sanibel School or Fort Myers Beach Elementary after facing Hurricane Milton.
CAPE CORAL Man arrested after hours long standoff in Cape Coral A man is in custody following an hours-long stand-off with Cape Coral police.
SANIBEL Sanibel school parents seek timeline on school reopening A school board meeting to discuss damage at the barrier islands’ schools took place on Tuesday in Lee County.
MARCO ISLAND Marco Island police chief gets no confidence vote from union Marco Island Police Chief Tracy Frazzano has received a vote of no confidence from the police union.
Nonprofit organization tests water quality in Charlotte County One local non-profit is working to keep track of Charlotte County’s water quality.
SANIBEL Building Resilience: How Sanibel businesses recover from hurricanes Operating in Sanibel is difficult enough; however, when mother nature interferes, recovering can become a monumental feat.
FORT MYERS BEACH Getting the help you need from FEMA Jeff Keenan has been out of his condo on Fort Myers Beach since Hurricane Ian.
FORT MYERS Cold Case Solved: Man sentenced for 2004 murder of Lee County man A family is now able to have closure after a cold case was solved 20 years after it happened.
MATLACHA The Blue Dog Bar and Grill reopens on Matlacha The Blue Dog Bar and Grill on Matlacha has reopened after being damaged by two back-to-back Hurricanes.
SWFL homeowners investing in water filtration systems After hurricanes Helene and Milton, many homeowners are turning to the trend of adding water filtration systems to protect their plumbing and improve their water quality.
GROVE CITY Boat stuck in Grove City backyard after Hurricane Milton One Charlotte County community is still picking up from Hurricane Milton. The Grove City community is just south of McCall Road.
FGCU FGCU basketball player helps treat others during Peru mission trip FGCU power forward Michael Duax went to Peru on a mission trip in the offseason to help give medical care to those in the country.
WINK NEWS Collier County Public Schools mourns death of student According to the letter, a number of resources will be offered to students in the affected school.
CAPE CORAL Heavy police presence reported in Cape Coral neighborhood The Cape Coral Police Department is responding to a scene located at Southwest 45th Street and Pelican Boulevard.
The Weather Authority Warm afternoon with stray showers possible inland The Weather Authority is tracking a warmer Wednesday afternoon with a chance for stray showers, primarily inland.
SANIBEL Lee County parents push for clarity on school reopenings post-Milton Parents are demanding answers from the Lee County School District. It’s still not clear when students will return to Sanibel School or Fort Myers Beach Elementary after facing Hurricane Milton.
CAPE CORAL Man arrested after hours long standoff in Cape Coral A man is in custody following an hours-long stand-off with Cape Coral police.
SANIBEL Sanibel school parents seek timeline on school reopening A school board meeting to discuss damage at the barrier islands’ schools took place on Tuesday in Lee County.
MARCO ISLAND Marco Island police chief gets no confidence vote from union Marco Island Police Chief Tracy Frazzano has received a vote of no confidence from the police union.
Nonprofit organization tests water quality in Charlotte County One local non-profit is working to keep track of Charlotte County’s water quality.
SANIBEL Building Resilience: How Sanibel businesses recover from hurricanes Operating in Sanibel is difficult enough; however, when mother nature interferes, recovering can become a monumental feat.
FORT MYERS BEACH Getting the help you need from FEMA Jeff Keenan has been out of his condo on Fort Myers Beach since Hurricane Ian.
FORT MYERS Cold Case Solved: Man sentenced for 2004 murder of Lee County man A family is now able to have closure after a cold case was solved 20 years after it happened.
MATLACHA The Blue Dog Bar and Grill reopens on Matlacha The Blue Dog Bar and Grill on Matlacha has reopened after being damaged by two back-to-back Hurricanes.
SWFL homeowners investing in water filtration systems After hurricanes Helene and Milton, many homeowners are turning to the trend of adding water filtration systems to protect their plumbing and improve their water quality.
GROVE CITY Boat stuck in Grove City backyard after Hurricane Milton One Charlotte County community is still picking up from Hurricane Milton. The Grove City community is just south of McCall Road.
FGCU FGCU basketball player helps treat others during Peru mission trip FGCU power forward Michael Duax went to Peru on a mission trip in the offseason to help give medical care to those in the country.
WINK NEWS Collier County Public Schools mourns death of student According to the letter, a number of resources will be offered to students in the affected school.
File- This Jan. 24, 2018, file photo shows a person walking near the entrance to a Toys R Us store, in Wayne, N.J. Toys R Us’s management has told its employees that it will sell or close all of its U.S. stores. That’s according to a toy industry analyst who spoke to several employees who were on the call Wednesday, March 14, 2018. Jim Silver, a toy industry expert, says Toys R Us’s CEO told employees the plan is to liquidate all of its U.S. stores and after that, it could do a deal with its Canadian operation to run some of its U.S. stores. The company declined to comment. (AP Photo/Julio Cortez, File) Isaac Larian, the CEO of the company that makes Bratz dolls, has a plan to save Toys “R” Us. He and other investors have pledged a total of $200 million in financing and hope to raise four times that amount in crowdfunding in order to bid for up to 400 of the Toys “R” Us stores being liquidated in bankruptcy. The unsolicited bid still faces many hurdles, including finding other deep-pocked investors and getting a bankruptcy judge to agree to it. But this is the first public plan to keep the cherished toy brand in existence in the United States. Such a long-shot move would also greatly benefit Larian’s primary business. He’s CEO of Bratz doll-maker MGA Entertainment, which relies on Toys “R” Us for nearly 1 in every 5 sales. Toys “R” Us fell prey to a crushing debt load of $5 billion stemming from its 2005 leveraged buyout by private equity firms Bain Capital and KKR (KKR), and real estate investor Vornado Realty Trust (VNO). The ill-timed deal saddled the retailer with loans as shoppers shifted their spending away from big-box stores to Amazon.com and other internet rivals. Larian says he and the other investors, which he declined to name, believe salvaging part of the Toys “R” Us business will be good for the toy industry, customers and workers. They’re interested in more than half the 735 U.S. stores Toys “R” Us plans to liquidate, and want to be able to use the valuable brand name. And they’re hoping the outpouring of affectionate nostalgia when Toys “R” Us announced its plans — #SaveToysRUs has been a trend on social media — translates into pledges toward their $1 billion goal. Toys “R” Us sought court approval last week to liquidate its remaining U.S. stores, threatening the jobs of some 30,000 employees and spelling the end for a chain known to generations of children and parents for its sprawling stores, sing-along jingle and Geoffrey the giraffe mascot. The store has an iconic place in American culture, said Larian. “We can’t just sit back and just let it disappear.” Larian, who is a billionaire, is using his own money, not MGA funds, for the bid. Why might Larian be successful with a retail chain struggling to stay relevant in the age of Amazon? For one thing, Larian wouldn’t have the massive $5 billion in debt that hampered the current owner of Toys R Us. He also says the toy industry needs a big chain like Toys “R” Us, where children can touch and feel the toys and toymaker’s can test new products. The chain’s liquidation will have a “devastating effect” on the toy industry, said Larian, who estimates that 130,000 jobs in the U.S. could be lost when you include layoffs at suppliers and logistic operations. He said a total Toys “R” Us liquidation could mean MGA would have to lay off workers at an Ohio plant that makes the Little Tikes toy vehicles. That brand accounts for 25 percent of MGA total sales, and Larian says only Toys “R” Us really had enough room to display the cars. It’s harder to ship such bulky items on Amazon. The Toys “R” Us troubles have hurt big toy makers like Mattel and Hasbro, which have been key suppliers to the chain. MGA, based in Van Nuys, California, is the world’s largest privately held toy company. The planned liquidation would have a bigger impact on smaller toy makers that rely more on the chain for sales. “People do not realize the hole that can’t be filled by other retailers,” said Larian, noting that Toys “R” Us accounts for 18 to 19 percent of MGA’s worldwide sales. “The pipeline is too big.” Larian claims that if 400 U.S. Toys “R” Us stores are salvaged, he could save one-third of the 130,000 jobs. The planned closure of the U.S. Toys “R” Us stores over the coming months will finalize the downfall of the chain that succumbed to heavy debt and relentless trends that undercut its business, from online shopping to mobile games. When the chain filed for Chapter 11 bankruptcy protection last fall, it pledged to stay open. But after what CEO David Brandon called a “devastating” holiday shopping season, Toys “R” Us announced in January it would close 182 stores, and then last week that it would liquidate. The company said last week it’s trying to bundle its Canadian business with about 200 U.S. stores and find a buyer. Larian has personally aligned with another investor in a separate bid for those operations, though he declined to specify the value of it. Toys “R” Us is also likely to liquidate its businesses in Australia, France, Poland, Portugal and Spain. It’s already shuttering its business in the United Kingdom. That would leave it with the stores in Canada, as well as in central Europe and Asia. It operates more than 700 stores outside the United States.