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Its chairman and biggest shareholder, Eddie Lampert, won tentative approval for a $5 billion plan to keep the ailing, 132-year-old department-store chain in business, fending off demands from creditors that it throw in the towel, according to a person familiar with the negotiations.
A hedge fund run by Sears Chairman Eddie Lampert said it submitted a last-minute bid Friday to keep the struggling retailer from being liquidated.
Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock in a move to stave off liquidation.
An eating-disorder treatment center opening in June on the South Hill aims to fill what its operators call a gap in services in the Spokane area, offering care for patients who need more than an hour or two a week of therapy and dietary counseling but less than 24-hour treatment in a residential program or hospital. The Emily Program, set to open June 3, will assess patients for eating disorders, providing individual and group therapy and nutritional counseling along with psychiatric and medical services.
BOISE – Despite opposition from numerous North Idaho elected officials, an Idaho Senate committee on Thursday narrowly approved legislation to allow extra-heavy trucks on roads statewide. Under the bill, proposed by the Idaho Forest Group in Coeur d’Alene, extra-heavy trucks – up to 129,000 pounds – would be allowed anywhere the roads can handle them. The current limit on truck weights in Idaho is 105,500 pounds, except on 35 southern Idaho routes where a 10-year pilot project has allowed the heavier semitrucks, which typically have triple trailers.
When the dust from candidate filing week settled at the close of business Friday, there were a few surprises in who is running for what. But the biggest surprise was who isn’t running. For the first time since 1996, a Spokane primary election ballot will be printed without Barbara Lampert’s name on it.
The primary is past tense. The shocking election results are (mostly) in. In capturing a whopping 59.9 percent of the vote Tuesday night, incumbent Mary Verner is making the most serious run at becoming the city’s first two-term mayor since way back when FBI chief J. Edgar Hoover showed up to work in a red satin prom dress.
Can Mary Verner break the curse of the one-term mayors? For a big clue, residents can look to the upcoming primary election. No Spokane mayor has won re-election in four decades, but Verner is intent on doing so. The mayoral primary – ballots go out this week – promises few surprises. At this point, only Verner and David Condon seem to have the support and campaign funds to win, although they face three long-shot challengers. But, assuming they take the top two spots, who finishes on top and the distance between them will give voters their first clue as to what November may hold.
Barbara Lampert gives her positions on taxes, libraries, streets and other issues facing the city in The Spokesman-Review's Spokane City Council candidate questionnaire. Lampert faces Michael Noder, Robert Kroboth, Mary Verner and David Condon in the race for a seat representing South Spokane.
With about six weeks to go before the August primary, one challenger for the job of Spokane mayor has raised almost twice as much as incumbent Mary Verner. The other three challengers, however, haven’t raised anything.
Listen up, crime fighters. Today’s caper is to catch the Manito Munchies.