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Newspaper
Delaware County Daily Times
Location
Chester, Pennsylvania, United States of America
Date
Dec 08, 1982
Page
4
Darby Council approved a tentative budget of 1 424 700 with no tax increase, keeping the 103 mill levy. The plan passed 8 to 1, Councilman Deaver dissenting, and a final budget vote is set for December 13 at 7 p.m. in borough hall.
Lansdowne Steel & Iron Co. director Robert Deacon and daughter Joan Aikens sue Walter Howley Jr. and Daniel Hilferty Jr. to force a West Virginia relocation. They seek votes for the move, removal of Howley and Hilferty, or a custodian to break the deadlock as the company faces possible bankruptcy and a $20 million federal modernization grant deadline. Delaware County petitions court to back Hilferty. Testimony set for Monday amid relocation talks.
Lansdowne Steel and Iron Co faces potential closure within six months unless it stays in Delaware County. Two directors favor moving operations to West Virginia, while two others prefer staying local and partnering with government and industry to keep the 50 year old firm viable. A financial package including a $1 million loan and Pennsylvania IDA programs is under consideration to retain the company locally, with lower utility costs cited as a key saving.
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