Early Briefing: Delays on the ICC

*Construction on a part of the intercounty connector project will be delayed indefinitely to save money, and a bond sale to finance part of the construction was postponed this week as officials deal with cost overruns and uncertain federal funding, Maryland officials said. Maryland Transportation Secretary John D. Porcari said service roads designed to move traffic move on and off Interstate 95 near the connector will be delayed because another part of the project came in $100 million over budget.

*We posted yesterday about Mattress Discounters, the 30-year-old retailer that asks people to "Have a good night's sleep on us," filing for Chapter 11 bankruptcy protection this week for the second time in six years. Chief executive Steve Newton told The Post that losses have been driven by slumping sales and rising rents.

"I think it's all driven by the current economy we face," he said. "People are not buying mattresses. They're not buying any furniture goods, and they're not buying mattresses in particular."

By Terri Rupar  |  September 12, 2008; 5:00 AM ET
Previous: Roundup: Vanda, Host, Hanger, NVR | Next: Vital Signs: The Weekly Roundup


Please email us to report offensive comments.

Delay the ICC toll road? It really needs to be cancelled as soon as possible. So, just one section came in at $100 MILLION over budget? That is probably the tip of the iceberg.

I still trust the Governor will find the political courage to save the taxpayers from this boondoggle. The longer this corruption is allowed to go on, the closer this becomes to "BIG DIG - the sequel".

If taxpayers are allowed to be fleeced as they have by this project, someone will be held accountable when the investigation occurs. Maryland and the nation just don't have the money to waste right now...the economy and the shrinking tax revenue are both further crushed by the devalued US dollar.

Working families need relief...not new ICC-spawned tax hikes. Governor O'Malley, if you want to solve the one billion dollar budget shortfall, cancel the THREE BILLION DOLLAR ICC toll road. Skip the next tax hike and the slot machines.

Posted by: Donny | September 12, 2008 9:59 PM

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company