Latest local news, weather and sports for Syracuse and Central New York

Tuesday, December 20, 2011  Citigroup will be replaced as the primary lender for the Destiny USA project, with JP Morgan Chase taking over.

Thursday, June 02, 2011  CNY Central is digging deeper as a June 6th deadline approaches for Carousel Center mall and DestiNY USA developers to complete an 800,000 square foot expansion of the Carousel mall and start phase II.

Monday, May 23, 2011  Update: Syracuse lawmakers reacting to release of Destiny deal. New deadline for phase I completion.

Monday, March 28, 2011  Citigroup’s current price is $4.46 per share; after the stock split each share would be worth $44.60 if the price remains the same when the split occurs on May 2.

Tuesday, March 15, 2011  On Tuesday morning we spoke with Bill Ryan, the chairman of the Syracuse Industrial Development Agency, about Monday's announcement.

Friday, December 17, 2010  The Destiny USA project cleared an important hurdle Friday.

Friday, December 17, 2010  There are new developments in the ongoing saga over the Destiny USA project. Representatives for Destiny and Citigroup contacted CNY Central Friday to announce the resolution of a longtime dispute.

Tuesday, January 26, 2010  A judge has ruled in favor of Destiny in its ongoing legal battles with Citigroup by deciding that three pending cases will be consolidated into one trial.

Thursday, December 17, 2009  Citigroup will suspend foreclosures and evictions for 30 days. It's a temporary break for about 4,000 borrowers during the holiday season.

Tuesday, December 15, 2009  The last two major national banks are returning $45 billion in aid to taxpayers, marking the latest step toward recovery for the U.S. financial system.

Monday, December 14, 2009  Citigroup is repaying $20 billion in bailout money it received from the Treasury Department, in an effort to reduce government influence.

Monday, November 23, 2009  Destiny USA must put up $15 million to prove it has properly invested in the deal.

Friday, November 13, 2009  In a three to two split decision, the New York State Supreme Court Appellate Division in Rochester ruled Destiny USA is entitled to resume drawing from the $68 million that is still being held by Citigroup to fund construction of the mall expansion.

Monday, July 27, 2009  Destiny USA is getting a break. The City of Syracuse is extending a looming deadline for the Carousel Mall expansion.

Monday, July 20, 2009  Judge rules in favor of Destiny over Citigroup in a legal battle over the construction loan financing Phase I of the Carousel Center expansion.