Summary
The demolition of Geneva Steel won't happen as quickly as some company officials had hoped, as one California company positions itself to turn the bankrupt steel mill into a new base of industrial operations.
On Monday, U.S. District Judge Glen E. Clark denied a motion that would have allowed the former steel producer to modify a contract to demolish the site. The ruling also said Geneva had 10 days to prepare an exit strategy out of bankruptcy.See the full content of this document
Extract
Geneva Razing Delayed
Geneva officials said the company's unsecured creditors -- which pushed for the ruling -- have jeopardized about $50 million to $...
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