Daily Record Financial News &
Monday, October 10, 2016
Vol. 103, No. 236 • One Section
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For more than 30 years, Rogers Towers shareholder T.R. Hainline has been a mainstay when it comes to land use matters for commercial and residential developments in Northeast Florida. He calls the period from 2004-07 the busiest of his career at a time when 90 percent of his work was with homebuilders.
Photo by David Chapman
Advanced Disposal launches its IPO
Working behind the scenes
By David Chapman Staff Writer T.R. Hainline can drive down the Butler Boulevard corridor and see how his efforts have helped the area boom with neighborhoods and businesses. He can do the same on the Northside along Max Leggett Parkway, one of the newer and busier stretches of an area where more and more homeowners are moving. Atlantic Beach, Baymeadows, Bartram Park, Julington Creek, Southside, even developments in Clay and St. Johns counties. Hainline’s work has led to projects rising in those areas and more. He hasn’t lifted a hammer or
driven a skid steer to make them spring from the ground. Instead, the Rogers Towers local government attorney for more than 30 years has been in City Hall, community groups and homeowners associations to help see projects come to fruition. How many exactly? He offers a small chuckle when trying to think of a number. “Many,” he said. “I couldn’t even put a number on it, really.” Much of his work is on behalf of developers, which doesn’t always make him the most popular guy in the room. Some residents or business owners worry about extra traffic or the environmental impact to Hainline continued on Page A-6
Hainline and his son, Brendan, from a 2013 trip to The Narrows in Zion National Park. The two often go on excursions.
Special to the Daily Record
Hainline has spent 30 years negotiating growth in area
As the rest of Northeast Florida frantically prepared for a hurricane, Advanced Disposal Services Inc. finally completed its initial public offering. The company’s sale of 19.25 million shares of common stock was priced at $18 a share Wednesday evening and the stock began trading on the New York Stock Exchange on Thursday morning. The price was at the low end of the company’s hoped-for range of $18 to $21, normally an indication investors weren’t too excited about the waste management company. However, the stock jumped higher when trading began Thursday morning, opening at $20.50. Investors may have sensed a bargain. The stock fluctuated throughout the day, trading as high as $21.50, before closing Thursday at $20. The company said it would take in about $325 million in net proceeds from the sale, which it will use to pay off debt. Advanced Disposal, headquartered in Nocatee in St. Johns County, says it is the fourth-largest solid waste company in the U.S. It reported revenue of $692 million in the first six months of this year. The company originally tried to launch its IPO in February but pulled it back because of poor stock market conditions. The market was much stronger as it completed the IPO last week. Research firm Renaissance Capital reported that nine of 29 IPOs priced above their forecast range during the third quarter and only four traded lower on their first day of trading. The average IPO rose 21 percent in price on the first day of trading, it said. Basch
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Judge shepherds event for at-risk youth
Second annual event pulls together vendors
Circuit Judge Suzanne Bass for the second year organized the Juvenile Justice & Youth Services Fair at the Duval County Courthouse. She says she thought of the idea last year after seeing so many at-risk youth in her courtroom.
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Photo by David Chapman
By David Chapman Staff Writer The jury assembly room at the Duval County Courthouse on Wednesday wasn’t filled with people eager — or to some, not so eager — to perform their civic duties. Instead, there were booths. Many booths, actually, with juvenile justice and youth service providers eager to recruit, network and make a difference in the lives of at-risk children and teens.
Circuit Judge Suzanne Bass dreamed up the idea last year. The juvenile court judge sees atrisk children daily in her courtroom and knows of the many services available in Northeast Florida that potentially could have helped them. “There’s a need there,” she said Wednesday over a loud, bustling room. The challenge, said Bass, is getting the right help to the right children. Every organization has its own niche and she wishes
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there was a proverbial traffic officer who could direct who to go where. Some kids need mentoring. Others need tutoring, a job or transportation. Many providers offering those services were at the event. Stephen Kennedy, a volunteer with the local chapter of 100 Black Men of America, said the forum was important for his group because it was an opportunity to interact with other organizations Bass continued on Page A-2
consecutive weekdays