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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 09, 2002
Page
20
The Dow rises 118.80 to 9,744.24 and the Nasdaq gains 36.77 to 1,818.88 as investors buy after a selloff. Local movers include U S Cellular up to 38.70 Sealed Air 41.87 Nash Finch 28.87 Toyota 50.80 and RFMD at 17.55.
President Bush told the 2002 Cattle Industry Convention in Denver that Congress should pass a farm bill with a safety net for farmers and open world markets. He said spending should be about 73.5 billion over ten years and avoid gimmicks while supporting trade and affordable policy. Senator Tom Harkin and Senator Chuck Grassley defended and questioned aspects of the plan.
Iowa City dealer Chezik-Sayers has acquired the Mercedes-Benz and Volvo dealerships for Cedar Rapids and Iowa City. A showroom near its Honda facility will open with sales and service at 7:30 a.m. Monday, while a new larger showroom and service center at Boyson and North Center Point Roads in Hiawatha is planned for occupancy in about 18 months.
Groundwork has begun on a 1.3 million building to house the Iowa City branch of Farmers & Merchants Savings Bank. The office at 2235 Mormon Trek Blvd will offer 5,400 square feet, three drive up lanes, a drive-up ATM, and safety deposit boxes with occupancy set for September.
Tama City Council moves to regain control of the Tama Beef Packing plant as bankruptcy trustee considers rejecting the current lease if no offers come by February 16. The city seeks new leases and hopes to revive operations with a new operator.
West Liberty starts early February on an 80 acre Liberty Park on the south edge near Highway 70. The 33 lots range from about one to 12 acres with new Freedom Street sewer lines a lift station and a water main. access corridors form two main streets and Columbus Street will intersect Freedom Street. WLFund backs the project and the park should open to prospects by summer.
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