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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 02, 1983
Page
4
January U S construction outlays rose to a pace that would total 255.5 billion dollars in a 12 month period, the Commerce Department reported. The surge spanned nearly all categories, marking the biggest building increase in 37 years.
In Washington a 10 member task force of farm bankers pressed regulators on ways to work out difficult loans without foreclosures. Bud Willer of Decorah praised regulators for tolerance and support as farms face strain.
Cedar Rapids officials including Police Chief Ray Baker and traffic engineer Mel Meyer propose dark warning signs at each end of the elevated I 380 curve. The devices would flash when an accident is reported to alert approaching drivers, aiming to reduce multiple vehicle crashes on ice and low visibility. Legal review is pending.
Democrats accuse Gov. Branstad of a not balanced rescue plan as Job Service figures show benefit cuts of 146.8 million and higher employer taxes offset by later cuts. Republicans say the data omit surtaxes and built in tax steps, while projecting debt and future tax shifts.
Developer outlines a 13 story elderly housing and care facility and a bank on the Allison and Magnus hotel site. The private Civic Development Association plans to buy and tear down the hotels for a parking lot while Olson’s group pursues UDAG funding. Negotiations continue as relocation costs and potential federal reviews influence timing.
About 600 federal workers from eastern and central Iowa gather in Iowa City to protest extending Social Security coverage to new hires. Organizer Jim Kane of Local 373 says the move would ruin the retirement system and urges congressional attendance at the Highlander Inn rally.
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