Jerry Moyes - Wikipedia Court judge, is assistant general manager. His main goal years ago was to add a casino there. Documents revealed that Moyes company entered into a business-site lease with the Navajo Nation on Nov. 18, 2002, after it was selected a year prior by the National Park Service and the nation to develop and operate the then-proposed marina. He plans to hoist the Stanley Cup over his head while standing out in the Arizona desert on the world's largest floating concrete island. In 2030 people will wonder how a houseboat ended up on the top of a mountain. Grab your sense of adventure and jump on board. Moyes, founder of Swift Transportation, is expected to provide a "steady hand in guiding the company through these unprecedented times," according to the Waco, Texas-based company. 24 disaster mitigation projects valued at $11 million completed in B.C. Wonder what happened. "I believe that the share repurchase at these ridiculous low prices can make a lot of sense," he told investors on a conference call. Year one, or Phase I, calls for a completion of a building improvement plan that details the construction of boat rental and marina parking areas; a boat repair facility and a marina maintenance; a boat dry storage and facilities; and a campground complex et al on the leased land at a guaranteed annual minimum rent of $50,000. part-owner of the Phoenix Coyotes and founder of $2.6-billion Swift Lower Fuel Costs Boating from Antelope Point Marina is easier on your wallet. Krista Allen is editor of the Navajo Times. And one of those deemed independent, Mr. Dozer, spent years helping run a business that was partly owned by Mr. Moyes, the Arizona Diamondbacks. Plenty of Water for the Vacation of a Lifetime, How to Anchor Your Antelope Point Houseboat, Tour Antelope and Navajo Canyons at Lake Powell. Arizona trucking and bizjet tycoon has high hopes for Legacy The more you do, the more youll save. Aubrey McClendon, founder and former CEO of Chesapeake Energy Corp., was forced to unload 94% of his stake. While most people tend to think of the Maldives as the epicenter of romance (and it certainly is that), it has so much more to offer. In bringing about this reduction, the Board and Mr. Moyes are mindful of the need to ensure that any reduction occur in an orderly fashion, a written company statement said. On the way, youll pass the Crossing of the Fathers, a jagged family of islands in the middle of the lake. So far chapter members You decide. Mr. Moyes, who owns a controlling stake in the company he founded 50 years ago, declined to comment. Jerry C. Moyes - Biography Also, if the stock price falls, holders of pledged shares could be forced to sell rapidly, hurting the price even more. Antelope Point Marina owner Jerry Moyes takes Tara on a quick private tour of his houseboat, The Big Dog! The NHL had originally taken the position that neither Moyes nor Gretzky were legitimate creditors because they were owners. Are you a digital subscriber? 2023 Forbes Media LLC. geneology to match the project. Simon sold to Moyes-owned firm | FleetOwner Phoenix trucking giants Knight and Swift announced Monday they will merge to form a shipping venture with $5 billion . May 3, 2016 2:35 pm ET. The marina began to take shape in 2004 with the private Your top DCN headlines this week feature BuildForce Canada stats for Ontario tha MEXICO CITY - The trilateral Commission for Environmental Cooperation establishe MARKHAM, ONT. Adding a houseboat to the mix, instead of camping or RVing, creates two additional layers: luxury and solitude. Poor management is a factor nationwide with Tribes. Unable to turn around the team's fiscal picture, he agreed in principle to sell the Coyotes to a group headed by Research in Motion co-CEO Jim Balsillie, who intended to move the team to Hamilton, Ontario. In 2013, the board revised the limits, lowering the cap to 15% as of July 2014 and to 10% as of July 2015. We always go to Wahweap anyway. From his floating island Moyes rents out elaborate houseboats at $1,650 US/day for vacationers to cruise amidst the stunning scenery of towering mesas and box canyons with 1,000-foot-high walls of red rock. Swift Transportation Corporation CEO Jerry Moyes, the owner of Antelope Point Marina, two years ago owed the Navajo Nation $7,174,303.40 in back taxes, according to documents obtained at that time by the Navajo Times. Pluses: Low-hassle mooring, and great kayaking. On Sept. 26, 2006, Ellman sold controlling interest in the Coyotes, Arizona Sting, and the lease to Jobing.com Arena to Moyes, who retained Wayne Gretzky as part-owner and head of hockey operations. Three times, Swifts board stepped in to give the CEO more time to deal with his margin loans. Swift grew to nearly 20,000 trucks and some $4 billion in annual revenue before it merged with Knight Transportation in 2017. Swift isnt the only company whose executives have struggled with loans against their shares after price drops cut their collaterals value. Anchoring. THIS STOCKHOLDERS AGREEMENT, dated as of April 9, 2017 (this " Agreement "), among (i) Swift Transportation Company (to be renamed Knight-Swift Transportation Holdings Inc.), a Delaware corporation (the " Company "), and (ii) Jerry Moyes (" Jack "), Vickie Moyes (" Jack Spouse "), Jerry and Vickie Moyes Family Trust Dated 12/11/87, an Arizona grantor trust (the " JVMFT . Institutional Shareholder Services, the proxy-advisory firm, has objected to the Swift boards willingness to let top executives pledge shares they own. Moyes, Steve Ellman and Wayne Gretzky bought the. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Near the end of 2016, Moyes announced he would retire at the end of the year. Swift Celebrates 50 Years | Go By Truck Global News Read the most recent three weeks of stories by logging in to your online account. installed to drown out the sound of passing boat engines. Here are five options, in ascending order of time and cost. The trucking companys stock tumbled 52% in 2015. Damn, that sucks! JERRY MOYES (PRESIDENT) ANTELOPE BOAT TRANSPORT, INC. ARIZONA BUSINESS: WRITE REVIEW: Address: Registered Agent: Resigned 08/24/2015: Filing Date: January 05, 2005: File Number: F11806413: View People Named Jerry Moyes in Arizona: Contact Us About The Company Profile For Antelope Boat Transport, Inc. Though corporations may permit executives and directors to borrow against company shares they own, many limit or ban the practice. Not confident in your captaining skills? I believe that the share repurchase at these ridiculous low prices can make a lot of sense, he told investors on a conference call. The directors, in a certain sense, they do have an obligation to implement an unwinding strategy that is not going to be detrimental to shareholders, said Carol Bowie, ISSs head of Americas research. The Kremlin Is Deploying Obsolete T-55 Tanks in Southern Ukraine. Moyes, the former chief executive officer of Phoenix-based Swift Transportation, has been the financial muscle behind the Coyotes for years. Recently, Netflix aired a 10-part series about Jeffery Dahmer, the Milwaukee serial killer, and it was a huge hit. Overcapacity and weak demand have squeezed trucking companies over the past year. To see the number of people Receive a 10% discount on small boat rentals, tours & charters, gift shop purchases, dining in our restaurant, and our RV Park when you use more than one amenity in the same day. Antelope Point, which was opened by Valley trucking magnate and former Arizona Coyotes owner Jerry Moyes in 2002, offers eight different models, from the two-bedroom, 50-foot Forever craft ($2,665/three-day rental), to the 75-foot XTreme, which has six bedrooms, sleeps 15 comfortably, and comes equipped with its own upper-deck Jacuzzi Turns out the reason why the marina was shut down wasn't because of COVID and the Indians but actually because Moyes owes the Navajo Nation close to 8 million dollars in back taxes. The schedule is set as follows: Appellant Jerry Moyes Mediation Questionnaire due on 01/11/2021. Native American. The corporation also plans to complete on-site water and sewer You can always fill your truck or tailgate with groceries purchased in the Valley, but local outfitter Captains and Crews Boat Service (lakepowellgroceries.com) offers a shop n drop amenity in which customers order groceries online and pick them up at the marina. with another 52 coming in by August toward a total buildout of 300. A year later a lawsuit, ultimately dismissed, sought to make him repay $110 million he borrowed from a trust set up for his children. Whether youre a waterskiing, cliff-jumping adrenaline junkie, or a bookworm who just wants to Zen out to gorgeous views, the lake is your jam. But 29 years passed before Navajo Route Mr. Moyes has pledged more than $600 million of his holdings in Swifta quarter of the outstanding sharesas collateral for loans or in complex loan-like contracts, according to securities filings. New Billionaire: Swift Transportation Founder Jerry Moyes - Forbes Derby DayClub, Cinco de Mayo and other Things To Do in the Valley. It's beautiful," Ricks said. Owing to a drop in the stock price, he had pledged additional shares to meet margin calls, according to an SEC filing. It may not display this or other websites correctly. Wittenberg built the one-acre concrete island the largest in the world to support a luxurious restaurant and a full-scale marina service building for Moyes $80 million Antelope Point Marina on Lake Powell. The 27,000-square-foot floating island was built using 2,592 tons of concrete and rebar, wrapped around 122,000 cubic feet of styrofoam. First up: selecting your houseboat and where to rent it. After all, a houseboat is the ultimate Lake Powell splurge in culinary terms, sort of like ordering a lobe of foie gras with your beef filet. These loan-like agreements gave the CEO cash upfront in exchange for his pledge to deliver some of his shares or cash in the future. The facility is one of the area's fastest-growing industries. Instagram vigorously. spring. Village is located at water's edge, and fountains are being Below the 3,720-foot elevation mark, on water-based properties OOOOPPPPPSSSSSSS.this was 3 days ago on Powell. for Antelope Point could accelerate plans. You have permission to edit this article. cabinetry that was handcrafted by an Amish woodworker. Mr. Moyes and his family owned 60.3 million Swift shares as of Oct. 31 and had pledged at least 37 million of them either as margin-loan collateral or in loan-like arrangements, according to regulatory filings. But right or wrong, there was a discount attached to Swift shares because of some financial decisions made while Jerry was running the company. Moyes will step down as CEO effective Dec. 31 but will remainon Swifts board. Jerry Moyes, Swift Aviation named in several lawsuits "I was just in the Another indication of You can cancel at any time. On November 2, 2009, Moyes sold the Coyotes to the NHL for $140 million.[4]. He stepped down as Swift CEO in 2005 after an insider-trading case in which he admitted to no wrongdoing but paid $1.5 million to settle with the SEC. Arizona Coyotes pay overdue bills to avoid arena eviction - WPLG Weve got a position waiting for you in the warm sun and next to the cool Lake Powell water. Well, they did, including me. "It's amazing. Now taking reservations for all boat rentals. To achieve that, he partnered with Wayne Gretzky and bought the Phoenix Coyotes. rental houseboats are kept after they become 7 years old, and the Do you have a link to a news story? Arizona Coyotes: one NHL team's bitter divorce from its own home city That marina popped up out of the blue one year. Moyes, 63, had one truck in 1966 when he started his trucking firm and called it Swift. So its good to have a plan of attack before getting underway i.e. May 15, 2001. You found your spot? Afterwards, Moyes tried to find a buyer for the Coyotes, and he chafed at the league's interference in his attempts. A Board Struggles with Its CEO's Borrowing - Teamsters Subscribe. LOL, how a little tax revenue removes the objections of sacred land and mudder-erf. Then they went downhill from there. know how far you want to sail, what areas of the lake you most want to see and the activities you most want to do. Antelope Point Marina owes $8M, official says - Navajo Times Weve opened up some of our most. Antelope Point Marina owes $8M, official says - Navajo Times. "It's been quite interesting to have been involved from an early All Rights Reserved. The Greater Vancouver Sewer and Drainage District (GVS&DD) board has approve CALGARY, ALTA. The 27,000-square-foot floating island was built using 2,592 tons of concrete and rebar, wrapped around 122,000 cubic feet of styrofoam. Moyes took Swift public once again in 2010, listing on the New York Stock Exchange. Friends own 2 weeks on that same boat out of Antelope, It is actually very reasonable for 2 weeks splitting it with another couple. The program concludes with a daylong community Text. ! We call it the welfare nation for a reason. Learn how and when to remove these template messages, Learn how and when to remove this template message, "Central Freight Lines Announces Transition Plan to Increase Focus on Streamlined Customer Services", "UPDATE 1-Judge orders NHL, Coyotes owner into mediation", https://en.wikipedia.org/w/index.php?title=Jerry_Moyes&oldid=1138952237, American trucking industry businesspeople, Short description is different from Wikidata, Articles with a promotional tone from June 2020, Articles needing additional references from June 2020, All articles needing additional references, Articles with multiple maintenance issues, Articles with unsourced statements from October 2018, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 12 February 2023, at 15:46. treatment facilities. Pretty cool resort to stay at whether in the motorhome or in a room. Velaa has noticed an interesting trend in bookingsabout 45 percent of their guests have been family/multi-generational bookings this year. Get your Lake Powell vacation going! Lake Powell water levels Lake Powells water levels have dropped over the past few years, but theres still plenty of water for the vacation of, How To Anchor Your Antelope Point Houseboat Youre on vacation! He still owns about half of Swifts stockit went public in 1990but has pledged 64% of his stake as collateral for personal loans. Former owner Jerry Moyes took the Coyotes into bankruptcy in 2009 and Canadian billionaire Jim Balsillie put in a bid to purchase the team with the intention of moving it to Hamilton, Ontario. Its floating concrete front sidewalk gives him access to terra firma. Minuses: Youre a helluva haul from Rainbow Bridge and other popular landmarks. The league responded by stripping Moyes of virtually all of his ownership authority, though he was still nominally the team's owner. Jerrys always got a bunch of money collateralized, said Art Hatfield, an analyst at brokerage firm Raymond James. Looks like an Adonia. cost $7.5 million. Plus, make things more interesting with competitive Wordle! It must become accepted that victims of domestic violence have suffered a trauma and/or are suffering from PTSD. Heres what we see, in the gloaming of Lake Powell: miles of peaceful water laid out like a rippling bedsheet, framed by the vast desert cradle of Glen Canyon, still blazing orange and yellow with surreal late-day sunlight. Rent houseboats, kayaks, pleasure craft, pontoons, wave runners Book a tour, charter, fishing trip theres a lot for everyone at Antelope Point Marina. The corporation has not set a timetable to build the hotel, but Family passions and reputation stand behind the wines of California's wine families. Please subscribe to keep reading. Coyotes' majority owner sued by trust - eastvalleytribune.com CEO of Swift trucking. Sewage had been transported to Page's Truck driver Jerry Moyes had two dreams. Home | Antelope Point Marina & RV Park The fall triggered margin callsdemands to make up shortfalls in the value of collateralwhich Mr. Moyes sometimes dealt with by pledging more Swift shares. And to help achieve his other dream, he turned to Vancouver builder Dan Wittenberg. Within a couple years of the ne facility opening, they figured why not get rid of upper management. Passing Rock Creek Bay (another popular boat-steading spot for people who dont mind a long commute), youll refuel at Dangling Rope Marina (cost: about $5.19/gallon) and then curl back into the main channel for a 3-mile putter to this inlet just west of Rainbow Bridge, which sports the areas few sandy beaches. Lake Powells historically low levels present a threat to water supply in the Southwest, but 2019, at least, has seen a reversal of the trend: The lake is up 20 feet over the same time a year ago. He reminds me of the Keebler elf. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Schoppmann acknowledged that LeChee Chapter approval of a casino Moyes is the controlling owner of SME Steel Contractors Inc., a steel erector company based in Utah, and Texas-based LTL freight carrier Central Freight Lines. Antelope Point offers an elegant solution. Article on the WSJ page:http://on.wsj.com/1QwcTvi, International Brotherhood of Teamsters on Twitter, International Brotherhood of Teamsters on Facebook, International Brotherhood of Teamsters on YouTube, International Brotherhood of Teamsters on Instagram, Justice For Sanitation Workers at Republic/Allied Waste, Virginia is For Lovers and Organized Labor. Arent they putting in a rv park over there to. Terms and Conditions of Acceptable Use, The Coconino National Forest has released an updated Motor Vehicle Use Map (MVUM) used to view forest roads, trails and areas open to motor ve. the water and does not need to be manipulated. Our pump prices are lower, and youll use fewer gallons along the way. Afterward, pop open a cold beverage of some sort and mull this gobsmacking fact: Even if you motor all the way to Rainbow Bridge, theres still roughly 70 percent of the lake to explore a whole constellation of slot canyons, watery switchbacks and vast flats that extends deep into Utah. "The company has been hemorrhaging cash and had operating losses for many years. Birds Eye. After all, the lake has more than 2,000 miles of shoreline, which is more than the combined length of the U.S. Pacific Coast. Howling Financial Woes | News - Phoenix New Times Appellee MorrisAnderson & Associates Limited answering brief due 04/05/2021. Quadrilateral Agreement. Moyes is president of Swift Aviation Inc. and is . bathroom, and it had Venetian plaster and slate on the walls, The sun veils itself behind a squat sandstone mountain known as Castle Rock, and the phrase bucket list immediately comes to mind. A partnership headed by Ronald Moyes, brother of Swift Transportation Co. Inc. chairman and CEO Jerry Moyes, announced today that it has sold about 1.3-million shares of Swift stock . Moyes was originally a minority partner in Steve Ellman's ownership group, which bought the Coyotes from Richard Burke in 2001. Some analysts agree, saying repurchasing shares was a better use of Swifts capital than taking a risk with an acquisition. More than 15% of his holdings were now pledged, he said, and he needed more time to comply with the boards limits. work for Antelope Point Holdings as projects specialist and risk How Will It Affect Your Family? Splendid. 25,291 views. The chief executive of Swift Transportation Co., one of the largest trucking firms in the U.S., not only faced demands for more loan collateral but ran up against company limits on the extent of his borrowing. Theyre not in trouble. Have Houseboat, Will Powell - PHOENIX magazine For a better experience, please enable JavaScript in your browser before proceeding. The 10 Richest People in Arizona - Money Inc Despite Tuesdays price jump, Swifts stock remains down by 40% from a year ago. So they shut him down. hogan. The judge ruled that Balsillie's bid faced too many legal obstacles, however, he said the NHL could revise its bid to include concessions to Moyes and Gretzky. Our vote: the shoulder months of October and April. Appellant Jerry Moyes opening brief due 03/04/2021. The board waived the 15% restriction, giving him until the end of 2016 to reduce his position, according to SEC filings. now bustles with activity. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Hold onto your cans: Flagstaff recycling halts with sudden closure of facility, 'It's like a river': Snowmelt causes flood of septic issues, impacts wells, outside Flagstaff, RV Country brings campers to Bellemont site that sat empty for three years, Coconino NF releases new Motor Vehicle map, Northern Arizona Healthcare announces selection of new CEO, Flagstaff makes it easier to choose Flagstaff, Coconino Voices: Friends of Flagstaff's Future wants more answers on NAH's new campus, Reopening many campsites, Coconino NF announces fee increases for use, Flagstaff Bone and Joint surgeon first in area to use new disc replacement devices, Claim denied: Planning and Zoning cites concern over sustainability, funding in new hospital project, Flagstaff softball stuns previously undefeated Eastmark in first-round road victory, Katy Perry loses name trademark battle, James Corden signs off The Late Late Show, and more celeb news, 'A legend is born': Kirsten Neuschfer becomes first woman to win historic Golden Globe Race, Flagstaff judge to hear arguments in Wendy Rogers' court order vs. reporter, Instagram mom convicted for fabricating story about kids' kidnapping, King Charles and Queen Camilla's will use thrones recycled from King George VI's coronation, Rare images captured of butterflies taking flight after emerging from chrysalis, Ride like royalty! One of his great uncles was Art Todays Wordle #682 Hints, Clues And Answers For Tuesday, May 2nd, FC Barcelona Study Playing In Foreign Leagues In Fear Of Possible Sanctions: Reports, Gender Bias: The Trauma Women Experience Testifying In Family Court. Whether for your family or a large group, we have you covered! Jerry Moyes is the founder, former chairman, and CEO of Swift Transportation, which is based in Phoenix, Arizona. Citigroup declined to comment. have opposed Shirley's proposal for a casino at Antelope Point. Antelope marina closure. Did you know? | River Daves Place They have hit close to rock bottom after COVID i hear. Two years later, he took Swift private in a $2.6 billion leveraged buyout. CEO of Swift trucking. Powell today for grand opening exercises. That was the start of International Marine Flotation Systems, which today is building floating concrete homes on waterfronts throughout the world. Powell west of Page in 1966. hardwood doors on the stalls. To analysts of corporate governance, board size matters: While too-large boards can be unwieldy, too-small boards can turn into echo chambers and foster an eagerness among directors to get along in the face of tough decisions. Swift Transportation Co. Chief Executive Jerry Moyes, months after he and his company's board said they would scale back his practice of . The acrimony was made public in May 2009 when Bettman and Daly came close to selling the Coyotes to Jerry Reinsdorf, owner of the Chicago Bulls and Chicago White Sox, a move that would have seen Moyes receive almost nothing from the sale. Swift officials say the buyback plan is unrelated to Mr. Moyess stock pledges. They did a superb job, said Wittenberg, who is off to Abu Dhabi and Dubai in the United Arab Emirates this week to talk with investors about adding floating concrete homes to that booming shoreline on the Persian Gulf. Copyright Notice, Swift said Mr. Moyess arrangements with Citigroup arent margin loans, and the companys treatment of them is consistent with policies in place since Swifts IPO in 2010. in the channel and on the docks and in the restaurant area, it was said. A snack bar in the restaurant is named "Gramma fleet also includes 10 new jet skis. The concept of facilities at Antelope Point has been 37 years in The Last Time It Did This, With T-62s, The Tanks Got Massacred. Antelope Points convenient, deep, main channel marina means less congestion and easier navigation while exploring Lake Powell. TotalEnergies sells Canadian operations to Suncor in deal worth up to $6.1B, 2023 VICA Awards showcase talents of member companies, Ladysmiths historic Island Hotel set for a major facelift, UVic engineering lab a hub of AI research and activity, BC Hydro proposes leaving Site C structures at the bottom of the Peace River. houseboat slips and fuel dock. Enjoy Antelope Points exclusive deep-water location, expansive amenities, and comprehensive marina services to experience Lake Powell at its very best. Moyes is also a limited partner in the Arizona Diamondbacks, and was once a minority owner of the Phoenix Suns. In June 2015, Mr. Moyes told Swifts chairman he was trying to reduce the amount of his pledged shares to meet the 10% cap but needed until November to do so in an orderly fashion, according to an SEC filing. (Its about 15 minutes closer by car to the Valley than Wahweap Marina, and more easterly, which means a shorter boat trip to the meatier Utah side of the lake, where all the best landmarks and mooring beaches are located.). Wittenberg was a Vancouver builder who wanted a home on the waterfront, but even back in 1981, waterfront properties in the Vancouver area were prohibitively expensive.

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