Daily Press from Newport News, Virginia • Page 15

B7 Wednesday March 23, 1988 uflsnniKBSs Terminal location selected Timetable put on Robins case if-! 1 a- -)mmm "Ml. Staff photo by MICHAEL DILLARD Media day visitors ride the $3.5 million Avalanche Bobsled at Kings Dominion park. Ride gets Olympic trial Judge Blackwell N. Shelley heard 4y2 hours of arguments Monday from lawyers representing 195,000 Dalkon Shield claimants and company creditors. What were described as relatively minor changes in some of the language will be incorporated in the document.

The cornerstone of the bankruptcy case is the proposed $3.2 billion buy-out agreement between Robins and New York-based American Home Products Corp. The buy-out will take place if the plan of reorganization is confirmed. But Merhige last week gave the two companies permission to sign an agreement. While the buy-out was not the topic of conversation Monday, other key elements in Robins' plan to reorganize were under scrutiny. Many questions involved how the trust fund will be financed and the role Aetna Casualty and Surety Co.

will play. Aetna, Robins' former insurer, would be released from Dalkon Shield liability in exchange for paying $75 million in cash and making available another $350 million in insurance to the trust. RICHMOND (AP) The federal judge who has chaffed at the slow pace of the A.H. Robins bankruptcy proceedings has set a timetable for wrapping up the case he has been overseeing for 2l2 years. U.S.

District Judge Robert R. Merhige on the same day he gave Robins approval to print its reorganization plan, promised he would name five trustees by April 11 to administer the $2.5 billion fund set up to settle claims filed by women who claim they were injured by using the Dalkon Shield. The trustees will have until July 11 to review the material and send back a vote on whether to accept the terms of the plan of reorganization. A public hearing is set July 18 on confirmation of the plan, with which Robins will emerge from the Chapter 11 bankruptcy protection it sought on Aug. 21, 1985.

The bankruptcy move came after the Richmond-based pharmaceutical company found its cash flow nearly halted as a result of litigation over the intrauterine device it marketed in the early 1970s. Merhige and U.S. Bankruptcy By CINDY ELMORE Staff Writer NEWPORT NEWS The Peninsula Airport Commission tentatively selected a site Tuesday for its new $27 million passenger terminal, scrapping plans to put it at the end of Bland Boulevard. Instead, the new building will be located just southwest of the existing Patrick Henry International Airport terminal, which will be torn down once the new terminal is built. The board scrapped its first choice for a terminal site because it would have taken much of the land now leased for a trailer court and obstructed a new corporate office building being planned by Flight International Inc.

In addition to being one of the airport's largest users, Flight International runs the airport's general aviation operations. The rejected site also would have cut across much of the airport's newly-expanded parking lot, said Peter Daikos, airport executive director. "The bottom line is that's not the place to put it because of financial constraints," said Daikos. Tentative plans call for a two-story, 500-foot-long Colonial-style building, with a 12-foot slope leading from the parking lots to the second floor. The second story would contain the ticketing, baggage pick-up and concourse areas, as well as any restaurants or shops.

The lower level would contain baggage handling and the building's mechanical and utility systems. All the public areas would be on the second floor. Final' drawings should be ready next month, said Rohn Price, with Odell Associates a Richmond architectural firm designing the new terminal. Construction is scheduled to begin next fall. The board also voted Tuesday to tighten the restrictions on Home Day for both the team's manager and coach.

Howard Siler, a five-time U.S. national bobsled champion and coach of the Jamaican team, is a Hampton native. Founder and manager George Fitch is a Warren-ton consultant for Caribbean investors. Kings Dominion called the Jamaican embassy in Washington after a park electrician suggested the team introduce the ride. The embassy told the park to contact Fitch.

The Kings Dominion ride, modeled after a similar ride at an amusement park in the Black Forest region of West Germany, packed some of the kick of Jamaican rum with little hang over. Looking similar to a roller coaster, the bobsled moves by centrifugal force instead of by roller coaster pulleys. Cars climb 69 feet in the air before descending at 40 miles per hour into sledder's heaven, which involves moving the cars side-to-side along a steel trough banked high to pitch the riders at an unnatural tilt. The 189-foot-long ride twists and frugs along three-quarter-inch galvanized tubing. The park expects the ride to help draw another 2 million visitors to the Doswell site this summer, the attendance figure reached last year, said park spokeswoman Serena Barry.

By JOSEPH PRYWELLER Staff Writer DOSWELL Olympic bobsled racer Michael White climbed from his sled, a medal swinging like a pendulum around his neck and the logo of the Calgary games stitched to his jacket. "It was too slow," said White, a member of the 1988 Jamaican bobsled team. "I'm used to moving a little faster." White sat on the wooden gate that guarded the newest ride at Kings Dominion, the $3.5 million Avalanche Bobsled. Tuesday, the theme park near Richmond showed off its addition to guests and members of the media. To augment the display, the newest and unlikeliest Olympic bobsled team, the Jamaican sled-ders, broke in the simulated sporting event.

The three-man team, which was without fourth member captain Dudley Stokes, who was nursing Olympic injuries, rode the snaking ride with hands held high. The sledders loped from the train of sled-cars like Olympic champions instead of 30th-place finishers. It was their day. And it turned out that the promotional event was Old SPWIO MS SPMtIG The Crass is lib' Com to Where The Flowers is! 11th ANNUAL AZALEA EVENT property it sells for develop- 10 for $14.88 with purchase of reg. priced item.

Visit our fully stocked Nursery Garden Center. MM Wednesday is Senior Citizen Day! to shop the JCPenney Catalog for Easter. The brightest in spring fashions and other quality catalog merchandise can be delivered to the store nearest you for pick-up before Easter. For styles that shine, colors that match, and sizes that THANK YOU FOR MAKING US NO. 1 1N '87 WITH MORE BANQUETS, PARTIES, MEETING ROOMS, PUBLIC AREAS AND CONVENTIONS m.m.

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Landowners will now have 18 months to begin construction on land in the airport's Commer-Center, with all construction completed within three years from the date the sale is closed. If the new restrictions aren't met, the airport commission has the right to re-acquire the property for the initial purchase price. i The commission formerly allowed developers 2 years to begin building and four years to complete construction. New Hampton Inc. getting 2 buildings HAMPTON New Hampton Inc.

will expand its Hampton fashion distribution operations into two buildings once used by Peninsula Vocational Technical Education Center. The firm's offer of $57,750 for the buildings was accepted Tuesday by the Regional Redevelopment and Housing Authority. I Although New Hampton (formerly Avon Fashions) bought the former VoTech site four years ago for $300,000, it agreed to pay an additional $150,000 if it kept any of the three VoTech buildings. Under the agreement reached with Regional, New Hampton will tear down the main VoTech building, but keep the two smaller buildings for storage for $57,750, said Thomas Chisman, authority chairman. a I'll 1 1 I VA fill AND WE STILL HAVE LOTS OF SPACE FOR YOUR NEXT FUNCTION On the Chesapeake Bay CALL 723-6511 ACCOUNTS YIELD RATE MoneyMarket 70 Cft $25000 Minimum Deposit JBf Oi $1000 Minimum Deposit VimV Unlimited Check Writing "QQ QQ S-K ft 75 $250 Minimum Deposit Iff mum 4 Year CD.

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