SOUTH BEND, Ind. (AP) - A federal bankruptcy judge has approved the sale of Indiana's oldest ethanol plant three months after its owner filed for bankruptcy protection.
A joint venture bought the New Energy Corp. plant at auction last week for $2.5 million and a bankruptcy judge in South Bend approved the sale Tuesday.
New Energy President Russ Abarr tells the South Bend Tribune she'd hoped the auction price would cover the company's $54 million in debt.
The sale to Detroit-area Maynards Industries and Los Angeles-based Biditup Auctions Worldwide could spell the end of the plant's nearly 30-year run on South Bend's southwest side.
The plant cost more than $180 million to build. It opened in 1984 and could produce 100 million gallons of ethanol a year, but was closed in November.
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An 83-year-old woman was killed in a house fire in Owen County Tuesday night.
A multi-vehicle accident on Interstate 65 shut down lanes Wednesday morning.
The Boone County Sheriff's Office asked that drivers use caution Wednesday morning as black ice was reported on some bridges in the county.