[CPEO-BIF] Schlage Lock, San Francisco, California

[Lenny Siegel <lennysiegel@gmail.com>]

Old Schlage Lock factory in S.F. finally sold

James Temple
San Francisco Chronicle (CA)
June 13, 2008

The owner of Visitacion Valley's Schlage Lock Co. factory has settled a 
decade-old contamination lawsuit and transferred the property, clearing 
one of the biggest obstacles blocking a community-blessed plan to 
convert the boarded-up site into housing, parks, offices and stores.

Ingersoll-Rand Co. of Montvale, N.J., which closed the factory in 1999, 
agreed to hand over the 12.3 acres to Universal Paragon Corp. In turn, 
the San Francisco developer dropped its $100 million lawsuit alleging 
the Schlage operations had polluted the groundwater at their adjacent 
parcel.

Terms of the settlement, reached late last month, included agreements 
with third parties that transferred liability for the soil and 
groundwater cleanup and insured against the possibility of unknown 
contaminants and unexpected costs. The deal clears the way for cleanup 
to begin at the industrial site on Bayshore Boulevard, where locks were 
manufactured for more than 70 years.

...

For the entire article, see
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/06/13/BUHH1187ON.DTL

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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