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Article: Red Shield hearing delayed in $13.6 million aid request
- Article from:
- Bangor Daily News Bangor, ME
- Article date:
- September 3, 2008
- Author:
CopyrightCopyright 2008 Bangor Daily News Bangor, ME. Provided by ProQuest LLC. (Hide copyright information)
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OLD TOWN - A hearing on Red Shield Environmental LLC's request
for $13.6 million in funding has been postponed to Sept. 15.
U.S. Bankruptcy Judge Leron H. Kornreich approved the
postponement Friday. The hearing was to have taken place Tuesday at
U.S. Bankruptcy Court in Bangor. It was the second time the hearing
was postponed.
Red Shield attorney Bob Keach said the court also on Tuesday
approved a $550,000 loan to keep the facility idle.
Red Shield Environmental LLC and its subsidiary RSE Pulp and
Paper, needed the delay because the companies want more time to work
with the Finance Authority of Maine and its state loan program.
"We're continuing to work out issues with the FAME staff ...