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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Mar 26, 1982
Page
1
Odessan Chuck Ellison hopes to witness the space shuttle Columbia's landing, joining others eager for history, but work commitments will keep him from White Sands Missile Base on Monday. See Story on Page 1D.
A Midland developer's land seizure in Odessa earned $658,000 for four downtown parcels, boosting the police courts site budget to about $1.29 million. The three member commission increased the offer by $124,000, with city officials noting demolition and purchase costs push the project beyond voters’ $8 million or $6 million bond plan. Councilman Seabolt criticized the decision as potentially overestimating property values and harming city interests.
United States abandons broad military options for intensified diplomacy in Central America. Reagan aides meet with Castro in secrecy. Mexico mediates amid pressure from allies. Lopez Portillo pushes talks with Nicaragua and Cuba, seeks to curb arms to El Salvador rebels.
Washington analysis on the Reagan budget stalemate outlines looming deficits near 100 billion dollars and the political risk of unpopular cuts. House GOP Leader Michel argues the president and Democrats must join a bipartisan plan, while Reagan presses for defense spending and tax cuts.
The recession reshapes fortunes with Bank of America General Motors World Airways Lockheed Exxon among the losers while Chase Manhattan Weyerhauser Motorola and Ozark Air Lines emerge better positioned. Computers telecoms insurance banking and food processing show resilience, while steel autos and construction suffer longest to recover. Industry groups foresee inflation outpacing income gains in construction.
Northeast Odessa will gain a 35,363 square foot shopping center by autumn with construction starting in early April on English Village Shopping Center near 42nd Street Parkway. Pete English estimates a $2.7 million cost, plans 12 condo‑owned slots 2,000 square feet each, and a second building to add three more spaces. دلار
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