logo
Hopatcong businesses push for I-80 sinkhole relief

Hopatcong businesses push for I-80 sinkhole relief

Yahoo28-04-2025

HOPATCONG, N.J. (PIX11) — Multiple businesses in Hopatcong, New Jersey, are hoping the state will change its requirements so they are eligible for I-80 grant relief funds.
Currently, relief through the New Jersey Economic Development Authority is only available to businesses in Morris County that are within a five-mile radius of the sinkhole. Businesses in Sussex County that are within the same radius do not qualify.
More Local News
'I think it's kinda crazy because we're just literally down the road from the sinkholes,' said Aldo Chavez, a manager at Chapala Grill 4 in Hopatcong.
Like many restaurants surrounding the sinkholes, Chapala Grill 4 has seen a drop in customers, but Chavez can't apply for the grant money because the business is located in Sussex County.
State Assemblymember Mike Ignanamort, who represents Hopatcong in District 24, said county lines should be irrelevant, given the circumstances. 'A natural disaster doesn't follow county lines, and nor should the response,' said Ignanamort.
Ignanamort said he has been in talks with the NJEDA to expand the grant criteria to include Sussex County. He remains cautiously optimistic.
'We're having good conversations with them,' said Ignanamort. 'We're gonna continue to make the case that this program should be open to Sussex and Morris Counties.'
To make matters worse for businesses, however, the N.J. Department of Transportation just announced that the two westbound lanes scheduled to reopen on May 4th will now reopen at the end of May. The DOT said sonic drilling is taking longer than expected.
NJ businesses around I-80 sinkhole get creative to get customers in
Those couple of extra weeks are critical to seasonal businesses along Lake Hopatcong, including marinas and restaurants.
'You have Mother's Day coming up, which is gonna fall within that two-week delay,' said Lisa Palanci, the COO of Camp Six, a property company that manages several businesses along the waterfront.
Palanci said the delays will cost businesses during a critical time when businesses are ramping up for the season.
'When the weather's like it is today, they want to get out to the lake,' said Palanci. 'People are putting their boats in and they want to come up and spend the day on the lake, and there's just that hesitation because they're going to hit traffic.'
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cook County jewelry store heist: Thieves get away with $1M in merchandise
Cook County jewelry store heist: Thieves get away with $1M in merchandise

Yahoo

time11 hours ago

  • Yahoo

Cook County jewelry store heist: Thieves get away with $1M in merchandise

The Brief Thieves broke through a wall to rob Rick Kleinvehn Diamond Brokers in South Barrington over Mother's Day weekend. Police say the suspects used a vacant office to cut a hole in the wall and enter the business. About $1 million in jewelry and watches were stolen; the store owner is offering a $75,000 reward. COOK COUNTY - A jewelry store in South Barrington is asking for the public's help after thieves broke in over Mother's Day weekend and stole about $1 million worth of product. What we know The burglary happened at Rick Kleinvehn Diamond Brokers, where police say suspects used a neighboring vacant office to break through a wall and gain access to the store undetected. The internet connection was also cut. Once inside, the thieves emptied two large safes — sawing one open and likely cracking the code on the other. The store's owner believes the break-in was carefully planned, given how precisely it was carried out. What they're saying The suspects made off with a significant amount of merchandise—worth about $1 million—including jewels and watches. "I was devastated," owner Rick Kleinvehn said. "We have a great staff here. We all work very hard and we travel across the country constantly and to replace everything in there is tens of thousands of hours of work. It's a lot of lost time and money." What's next Kleinvehn is offering a $75,000 reward for information in the case. Anyone with information is urged to contact South Barrington police. The Source The information in this article was provided by the owner of Rick Kleinvehn Diamond Brokers and the South Barrington Police Department.

Analyst Says Alphabet (GOOG) Trading at ‘Huge Discount' – Believes It Can ‘Absolutely' Compete with ChatGPT
Analyst Says Alphabet (GOOG) Trading at ‘Huge Discount' – Believes It Can ‘Absolutely' Compete with ChatGPT

Yahoo

time18 hours ago

  • Yahoo

Analyst Says Alphabet (GOOG) Trading at ‘Huge Discount' – Believes It Can ‘Absolutely' Compete with ChatGPT

Ted Thatcher, president of Bright Lake Wealth Management, explained in a recent program on Schwab Network why he is bullish on Alphabet Inc (NASDAQ:GOOG) and mentioned some of the key growth catalysts for the stock: "At least from a price to earnings ratio, you know, Google's trading around 18 times earnings. If you look at that compared to the other mega caps, it's like at a huge discount. And I understand we've had these concerns about whether Gemini versus Chat GPT usage is competitive or not. But we have to remember, you know, look at Google's revenue. Look at what happened out of their earnings calls. Even their blue link search revenue was up 10%. And then you look at Google more broadly, they have 270 million users, paid subscribers, between their YouTube platform and their Google One platforms. And so when you look at that level of user control that Google has and then you pair that with everything that they just announced at I/O with all these essentially AI apps, some of them authentic, some of them are AI mode with Google Search, you know, I think Google is going to be able to absolutely cram down Gemini through those users' throats, essentially, and absolutely compete with the Chat GPT user growth." Alphabet posted strong quarterly results, but the market remains reluctant about the stock amid threats to its search business due to the onslaught of AI tools like ChatGPT. However, Alphabet Inc. (NASDAQ:GOOG) bulls believe these concerns are overstated. Google has an edge over competitors because it's easier for the billions of users of its search engine to switch to Gemini instead of opting for a completely new model. Google has over 1.5 billion monthly users interacting with its AI-powered Search overviews. OpenAI, Alphabet's biggest competitor now when it comes to AI search, has less than 5% of its users paying, and its business model is still developing. Google's first-quarter results showed continued strength in its cloud unit, with revenue up 28% year over year and solid operating income growth. This supports Google's broader AI strategy and underscores the scale advantages of its cloud business. RiverPark Large Growth Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its Q1 2025 investor letter: 'Alphabet Inc. (NASDAQ:GOOG) shares declined in the first quarter despite solid business fundamentals. Investors reacted negatively to the company's AI product rollout relative to peers, expressing concern about potential market share loss in core search and cloud segments. Nevertheless, Alphabet continues to deliver strong cash flow from its dominant search and YouTube platforms while investing aggressively in its next-generation AI and cloud infrastructure. Trading at a valuation discount to many of its peers, we view Alphabet as a core holding with compelling upside as monetization of its newer initiatives accelerates.' READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Google debuts interactive charts in AI Mode to help make you a finance whiz
Google debuts interactive charts in AI Mode to help make you a finance whiz

Android Authority

time21 hours ago

  • Android Authority

Google debuts interactive charts in AI Mode to help make you a finance whiz

TL;DR Google has started testing a new AI Mode feature that generates interactive graphs for finance queries. The feature makes it easy to compare and analyze information over time. Interactive graphs in AI Mode are currently available as a Search Labs experiment. Google debuted Search's AI Mode as a Labs experiment to select users earlier this year. At I/O, the company expanded availability to all US users, added Deep Search and Project Astra capabilities to the feature, and previewed some upcoming features, including AI Mode's ability to generate interactive graphics for complex datasets. Google has now started testing this feature for finance-related queries. Google announced the new feature in a recent blog post, highlighting how AI Mode can help users compare and analyze financial information over a specific period with a custom-made interactive graph based on their query. As illustrated in the following clip, when asked to 'compare the stock performance of blue chip CPG companies in 2024,' AI Mode generates a stock price comparison graph and a table that dynamically updates the stock prices when you interact with the graph. Users can also ask follow-up questions to get additional information or refine their queries. Google says the feature uses 'advanced models to understand the intent of the question, tap into real-time and historical information and intelligently determine how to present information to help you make sense of it.' At the moment, the feature only works for finance queries related to stocks and mutual funds. However, Google will expand support for other topics in the future. If you wish to try it out, you can enable the experiment in Search Labs, but note that it's only available in the US. Got a tip? Talk to us! Email our staff at Email our staff at news@ . You can stay anonymous or get credit for the info, it's your choice.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store