The Biz Buzz

The News Tribune Business Team will keep you updated on what's happening in the South Sound and beyond. Check here for news about economic development, aerospace, shopping and much more.

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Got something to say? Here's the place to say it. We welcome your comments on what's going on in business in the South Sound that we should be discussing, reporting or analyzing here on our blog or in the pages of The News Tribune.

Contributors

Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.

C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.

John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.

Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.

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Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.
Wednesday, March 25th, 2009
Posted by C.R. Roberts @ 03:17:04 pm

Thinking about a little insurance fraud to boost up your income? Well, think again. And again.

State Insurance Commissioner Mike Kreidler is out today with the cautionary tale of one Michael C. Madsen of Bellevue, who “learned the hard way that insurance fraud does not pay.”

Madsen was convicted in King County earlier this month for filing a fraudulent insurance claim. It’s a class C felony.

We’re not talking Bernie Madoff here. Madsen was convicted after claiming the loss of a DVD system. His insurance company, State Farm, “became suspicious when Madsen filed the second claim and began investigating.”

The Insurance Commissioner’s Special Investigations Unit became involved. The unit has the authority to seek criminal charges in cases of insurance fraud.

But justice was kind. A first offender, Madsen received a sentence of 31 days for his crime. He was given credit for one day served and the remaining 30 days were converted to community service, according to the commissioner’s Web site. Madsen will also be required to pay restitution to State Farm.

For more information about insurance fraud – to report it, avoid it or learn more about it – visit www.insurance.wa.gov or click here.

Categories: General
Posted by Whitney Coleman @ 12:20:38 pm

Downtown Tacoma’s Sea Grill Restaurant at 1498 Pacific Ave. will serve its last meal over the weekend.

Owned by Mackay Restaurant Group in Seattle, the grill will close its doors after serving dinner this Sunday, General Manager Mike Neumann said.

Neumann said the restaurant’s chef Matt Brandsey will make more information available in a release this afternoon.

UPDATE:

In a statement from Mackay Restaurant Group, COO and CEO, Chad and Paul Mackay said the restaurant is closing because they were unable to work out new terms with their landlords "during these challenging economic times."

The statement said they will try to place employees from Sea Grill at other Mackay restaurants.

The Mackays said El Gaucho Tacoma, also managed by the restaurant group, has seen an increase in first quarter earnings over last year and will remain in business.

Categories: Restaurants
Posted by Whitney Coleman @ 10:24:25 am

The recent closure of the UPS Brown Store in the Greater Tacoma Convention and Trade Center is a symptom of the store’s inaccessibility to drivers on a one-way portion of Commerce Street, said Mike Combs, Public Assembly Facilities Director for Tacoma.
Less traffic to the convention center from out-of-towners didn’t help either.
“I believe it’s just the economy and that business was down,” Combs said Tuesday. “It’s unfortunate, because it served a great purpose for the convention center.”
The store was the only retail business located within the center, though its storefront was accessible from the outside as well.
A Starbucks across the street from the center also closed late last year.
Combs said the two closures aren’t necessarily related to or reflective of the center’s success thus far.
“The center is actually doing fine, even with this economy,” he said. “Since people aren’t traveling as much, we have a lot of local business, but, unfortunately, that doesn’t turn into a stay.”
Stays in nearby hotels, visits to downtown restaurants and shops and other revenue generators are the economic drivers of the center, which is currently being used more for local meetings than by visitors.
The UPS store space will be made into a meeting room, which Combs said will continue to generate revenue for the center.
Combs said he’s hopeful the center still will bring travelers — and their money — into Tacoma, though they might have to wait out the economic storm a little longer.
“I’m confident in the convention center. All the centers are suffering, but who isn’t?” he asked. “We’re just hoping that it turns around sooner rather than later.”

Categories: Downtown Tacoma, Tourism