Latest news with #Toll
Yahoo
2 days ago
- Business
- Yahoo
Green Bay sees record tourism year, with Lambeau and Resch Expo leading the way
GREEN BAY, Wis. (WFRV) – Discover Green Bay released data from 2024, showing a record-breaking year for both economic impact and visitor numbers in Brown County. A significant part of this success was credited to key venues like Lambeau Field, Titletown, and the Resch Expo Center. 'The Resch Expo has been a huge, huge addition to the tourism mix in the area,' said Brad Toll, president and CEO of Discover Green Bay. Family & Childcare Resources of Northeast Wisconsin holds monthly diaper giveaway Since its opening in 2021, the Resch Expo has helped attract major events to Green Bay, but Toll emphasized that visitors often overlook local businesses that contribute to Brown County's popularity. 'We have great attractions here,' Toll said. 'This year, looking at the botanical gardens, they've got an awesome exhibit—that is plastic that has been collected from promotions—that has been turned into art. Our attractions give us something to promote.' Visitor spending in 2024 broke down into five main categories: Food & beverage – $209.7 million Lodging – $178.7 million Retail – $165.5 million Recreation & entertainment – $163.2 million Transportation – $130.2 million These figures helped place Brown County among the top five tourism destinations in the state. Fairchild Equipment delivers refurbished forklift to church in Green Bay to help serve families in need 'It's just in their DNA to do things like that,' said Gov. Tony Evers. 'So Brown County, Green Bay, is really important.' Discover Green Bay is expected to release economic data related to the 2025 NFL Draft in July. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
AU Financial Review
27-05-2025
- Business
- AU Financial Review
Toll, super funds join suitors for Chinese-owned Darwin Port
Logistics powerhouse Toll is part of a US private equity fund's bid to buy out the Chinese owner of the Port of Darwin, offering an Australian flavour to a transaction being driven by national security imperatives that superannuation funds are also weighing up. The partnership by Toll and Cerberus Capital Management is just one potential suitor for the port, which is effectively on the market after Prime Minister Anthony Albanese pledged during the election campaign to terminate Chinese company Landbridge's 99-year lease on the key cargo gateway for northern Australia.
Yahoo
24-05-2025
- Business
- Yahoo
While Most Americans Can't Afford Homes, Toll Brothers CEO Says Some Buyers Are Dropping $200,000 Just On Upgrades
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. As housing affordability reaches a critical point, homebuilding company Toll Brothers Inc. (NYSE:TOL) CEO Douglas Yearley gave insights about the customer base during the second-quarter earnings call on Happened: Yearly said, 'Over 70% of our business serves the move-up and empty-nester segments.' He revealed that 'these buyers are wealthier, have greater financial flexibility, and most have equity in their existing homes,' highlighting the affluence of Toll's average buyer. According to the company, the average price of homes in its backlog has climbed to $1.13 million, a record high, and on top of the base pricing, buyers spent an additional $200,000 on upgrades. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — 'The average spend on design studio selections, structural options, and lot premiums was approximately $200,000 per home in Q2,' Yearley said, 'these upgrades benefit our margins as they tend to be highly accretive.' When asked about mortgage rates and their impact on the business, Yearley said, 'a little tick in mortgage rate' doesn't affect the company's clientele all that much. This is because 24% of its buyers pay in cash, and even those who rely on financing have an average loan-to-value ratio of just 70%. Yearley also added that 'a good part of the 30% of first-time buyers we sell to are getting some help from mom and dad with generational wealth transfer,' underscoring the financial strength of its core customer base. Despite the recent softness in housing demand, Toll reaffirmed full-year guidance and raised its stock buyback target to $600 It Matters: This comes at a time when the U.S. is experiencing a housing affordability crisis, with buyers having to spend 42.4% of their monthly income to make payments on their homes, according to John Burns Research & Consulting, underscoring the sharp divide between the entry-level and luxury housing Lambert, the co-founder of the ResidentialClub newsletter, shared the Burns Affordability Index chart on X, highlighting that housing affordability is at its 'most strained level in nearly four decades,' and is only exceeded by the early 1980s, when mortgage rates touched 18%. Recently, BMO Bank said in a report that 'the financial hurdles to owning a home have rarely been higher, especially for young households that don't yet have their foot in the door,' highlighting the fact that the median first-time homebuyer age reached 38 last year. During its second quarter results on Tuesday, Toll Brothers reported $2.71 billion in revenue, beating consensus estimates of $2.48 billion. It posted a profit of $3.50 per share, significantly ahead of estimates at $2.92 per share. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest at $0.60/share before it's too late. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Photo Courtesy: Andy Dean Photography on Send To MSN: Send to MSN This article While Most Americans Can't Afford Homes, Toll Brothers CEO Says Some Buyers Are Dropping $200,000 Just On Upgrades originally appeared on 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
Yahoo
16-05-2025
- Business
- Yahoo
Toll Brothers Announces New Luxury Home Community Coming Soon to Magnolia, Texas
MAGNOLIA, Texas, May 16, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, announced its newest Houston-area community, Toll Brothers at Wildtree, is coming soon to Magnolia, Texas. This highly anticipated community will feature modern one- and two-story home designs on expansive 60-foot-wide home sites. Construction is underway, and sales are expected to begin in late 2025. Toll Brothers at Wildtree will offer an elevated collection of versatile floor plans up to 3,600+ square feet. The homes will feature contemporary architecture with unique details such as cathedral ceilings and spiral staircases, as well as unrivaled options for personalization. Residents will be just steps away from the future amenity center within the Wildtree master plan including a clubhouse, a resort-style pool, ample greenspace with scenic walking and biking trails, and much more. The new Toll Brothers homes are expected to be priced starting in the mid-$500,000s.'Our new Toll Brothers at Wildtree community will offer residents the rare opportunity to build a new home within the well-established and highly desirable Magnolia area,' said Brian Murray, Division President of Toll Brothers in Houston. 'With large, open floor plans and unrivaled personalization options through the Toll Brothers Design Studio experience, this resort-style community will set a new standard for luxury living in Magnolia.' Residents will enjoy convenient access to Texas State Highway 249 and the Grand Parkway, making travel to and from the community effortless. The community is served by the highly rated Magnolia Independent School District, including Magnolia Parkway Elementary, Magnolia Junior High School, and Magnolia West High School. Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows customers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants. Additional Toll Brothers new home communities in this area include Toll Brothers at NorthGrove, Toll Brothers at Woodson's Reserve, and Toll Brothers at Woodhavyn. Toll Brothers at Wildtree will be located at 4919 Pinestraw Valley Way in Magnolia. For more information, call (833) 289-8655 or visit Toll Brothers Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@ Photos accompanying this announcement are available at Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)Sign in to access your portfolio
CBC
14-04-2025
- CBC
How driver training changed after the fatal Westboro bus crash
The OC Transpo bus crash that left three people dead in 2019 isn't mentioned during the transit agency's training of new drivers, a witness told the ongoing coroner's inquest into that tragedy. But that fateful afternoon has become a demarcation line for how new recruits are taught the ropes. The number of hours during OC Transpo's new driving training has increased, and training hours are now mandated on each type of bus used in Ottawa, Lindsay Toll told the inquest on Monday. Toll, the city's section manager of training and development, spoke during Day 9 of the public deep dive into the crash. On Jan. 11, 2019, a packed OC Transpo double-decker slammed into a Transitway bus shelter at Westboro station. Three people — Judy Booth, Bruce Thomlinson and Anja Van Beek — died in the crash. Many others were injured, triggering a flurry of lawsuits. While the city accepted civil responsibility for the crash, the bus driver, Aissatou Diallo, was charged with 38 counts of dangerous driving causing death or bodily harm. She was acquitted of all charges in a judge-only trial in 2021. One of the inquest's focuses is OC Transpo's New Bus Operator Training (NBOT) program. It has two parts: one delivered by Ontario's Ministry of Transportation (MTO), and one then taught by OC Transpo. Altogether, drivers must get a minimum total of 60 hours driving time over the course of both parts. In 2018, when Diallo was hired and trained, NBOT lasted 31 days. Today it goes for 36 days, Toll said. And whereas NBOT did not previously require that each trainee get a specific number of hours behind the wheel of different bus types, it now has training requirements for 40-foot single-deckers, 60-foot articulated buses and 40-foot double-deckers. The training hours are now broken down as follows: 15 hours for single-deckers. 8 hours for articulated buses. 8 hours for double-deckers. The change requiring mandated hours came about after a 2020 city audit of OC Tranpo's training. Toll, a former bus operator of eight years, said double-deckers are obviously heavier and taller but are nonetheless "comparable," in his experience, to any other 40-foot buses. The inquest has heard that Diallo received both NBOT and winter driving training and had driven double-deckers for a total of 55 hours (after training) before the Westboro crash. NBOT's average pass rates (including people who dropped out) in 2021, 2022 and 2023 were 84 per cent, 71 per cent and 68 per cent, respectively. The inquest has not shared rates from before then. The MTO pass rates are lower, Toll said, adding, "people that are eliminated in [that] portion probably wouldn't be ready to drive a bus in 36 days." The inquest continues Monday afternoon.
