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