Issue link: https://nebusinessmedia.uberflip.com/i/991766
wbjournal.com | June 11, 2018 | Worcester Business Journal 5 B R I E FS Worcester flights to JFK have delays, cancellations More than half of the flights between Worcester Airport and John F. Kennedy International Airport in New York have been delayed, diverted or cancelled aer just a month of operation. As of the 1st of June, 13 JetBlue flights have been on time or early, while 10 have been delayed, four cancelled and one diverted, according to MassPort. "We are concerned with the cancel- lations and delays of the JetBlue flights to and from JFK Airport, but we are confident that JetBlue is doing their best to maintain operational integrity, and we expect better performance in the future," the state agency said. However, the agency cautioned to not jump the gun, as the service only began on May 3. e flights to New York represented the third destination offered out of Worcester Airport joining Florida cities Orlando and Fort Lauderdale. JetBlue operates both of those flights. Construction begins on $21M Kelley Square lot Construction has started on a $21-million mixed-use building taking over the dirt parking lot in Worcester's Kelley Square. e four-story building, called Hard- ing Green, will feature 48 apartments above 20,000 square feet of retail spaces and a food market that is planned to include 30 to 40 retail vendors. Download the 2018 Book of Lists! Worcester Business Journal WBJ DATA CENTER n New lists for 2018 n Exclusive access to extended lists n Excel format lets you easily sort, merge and import data Sponsored by: ACCESS THE LISTS TODAY! Order now at www.wbjournal.com/lists Developer Allen Fletcher is building an apartment building with a first-floor market in Worcester's Canal District. I don't donate to my college An anonymous donor gied $12 million to Worcester Polytechnic Institute in June, the second-largest sum of money donated to the school. e person is described as a regular donor and attendee of school reunions since his 20th. e figure is second only to Robert Foisie, who donated $40 million in 2014. When polled online, the plurality of WBJ readers said they don't donate at all to their colleges. F L AS H P O L L How often do you donate to your alma mater? Several times a year Never 46% e wedge-shaped site has been simply a dirt parking lot since buildings on the site were torn down in 2011. It sits between the city's most notorious crowded intersection and Crompton Place, home to BirchTree Bread Co., Crompton Collective and other reatilers. Harding Green follows behind another major Canal District project completed last year just two blocks up Harding Street. e $18-million Fidelity Bank Worcester Ice Center includes two hockey rinks for local teams, a gym, medical offices and two restaurants. Angelini, 75, retires from Hanover board Worcester lawyer and longtime chair- man at e Hanover Insurance Group Michael Angelini has retired from its board of directors. e retirement comes aer Angelini's 30 years of service to the company and its affiliates. e company's governance guidelines prohibit directors from serv- ing beyond the age of 75. Angelini, now 75, joined the board in 1996 and served as its first chairman from 2002 to 2017. He was succeeded last year by current chairman Kevin Condron, chairman of the New Hamp- shire supplier Granite Group. He remains chairman of Worces- ter-based law firm Bowditch & Dewey. Rockland Trust to buy Milford bank for $54M Milford National Bank and Trust Co. is being acquired by Rockland Trust for $54.2 million in a cash-and-stock deal. e deal is expected to close in the fourth quarter. Rockland Trust, already with a pres- ence in Milford, will broaden its reach in the Worcester County by absorbing Na- tional's three branches: two in Milford and one in Mendon. As of March 31, the Milford bank had $301 million in deposits, $308 million in loans and $167 million in wealth management assets . Oxford manufacturer moving to Connecticut Oxford magnetic brake manufac- turer Magnetic Technologies is leaving its longtime home for a new facility in Connecticut industrial park. e move and the new facility will cost $5.26 mil- lion and create 40 jobs over five years. e company is planning to purchase a lot in the Putnam Industrial Park in Putnam, Conn. e Connecticut Department of Economic and Commu- nity Development is chipping in with a $1.5-million loan. "I feel they've taken enough in tuition, room, board, fees, and overcharging for books." COMMENTS: "Understanding how the funds are used, such as for students with financial needs, building funds, scholarships and educational events, causes me to donate more than once a year." "They already have so much money in their endowment fund that students could go there for free." Less than once a year 10% Once a year 39% 5% Continued on next page