published Thursday, October 8th, 2009

Pascal closes Jet Stream Grill

The Jet Stream Grill has closed its doors after less than two years serving food and drinks on Frazier Avenue.

Neal Pascal, former News Channel 9 meteorologist who now works for WRCB Channel 3, opened the restaurant and bar in late 2007 at 417 Frazier Ave.

This week, hand-written signs stating "closed" are taped to the doors and a banner hangs out front noting "Restaurant/Bar Space Available."

Neither Mr. Pascal nor James Perry, the real estate agent representing the property from The James Co., returned calls seeking comment.

Local company gets VW work

Chattanooga-based Southern Fabrication Contractors has won a contract to install equipment support steel for the Volkswagen auto assembly plant.

Southern is a subcontractor to German company Eisenmann AG, which is equipping VW's paint shop.

Mike Potter, co-owner of Southern, wouldn't give the contract amount but said it will purchase 4 million pounds of steel from Siskin Steel & Supply Co.

Tom Loafman of VW said it's trying to subcontract as much work as possible with state and local companies. He said such content now stands at $287 million. That exceeds its target of 20 percent local and state participation in the construction project, he said.

Local BofA taps Alch for chief

Steven Alch has been named market president for Chattanooga by Bank of America.

He is Tennessee Valley complex director for Merrill Lynch Wealth Management, managing financial adviser teams serving clients across eastern Tennessee and northern Alabama.

Mr. Alch joined Merrill Lynch eight years ago as a sales manager in Baltimore.

"We are excited to have a proven leader stepping into this critical position," said Bank of America Tennessee President John Stein. "We believe Chattanooga will continue to emerge as a premier southern city as indicated by recent economic development and national recognition."

Mr. Alch and his wife, Kim, and their three daughters live in Chattanooga.

Volkswagen gets green honors

Volkswagen AG's Golf TDI and Audi A3 TDI are among five finalists for Green Car Journal's 2010 Green Car of the Year.

Other finalists are the Honda Insight, Mercury Milan Hybrid, and Toyota Prius.

The award will be announced at the Los Angeles Auto Show on Dec. 3. It honors environmental leadership in the automobile field and recognizes vehicles readily available to consumers.

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