2009 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: Tue, 10 Feb 2009 21:54:35 -0800 (PST)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] EnCap Golf, New Jersey Meadowlands
 
Encap: The money is gone, the dirt still there


BY JEFF PILLETSAND JOHN BRENNAN
NorthJersey.com
February 9, 2009

More than 18 months after the collapse of EnCap Golf, state agencies that promoted the project are no closer to recovering more than $50 million in taxpayer money that disappeared with the Meadowlands venture.

The cleanup of nearly 800 acres of North Jersey's most polluted property - land that sits in view of Manhattan's skyline - will also remain illusory for the foreseeable future despite the state's repeated guarantees that EnCap would save the day.

Last Tuesday, a frustrated federal court judge threw out EnCap's claim for bankruptcy protection, unloosing what many now fear will be a long and bitter series of lawsuits as bankers and insurers fight over the dead project's carcass.



...

For the entire article, see
http://www.northjersey.com/news/njpolitics/encap00909.html

--


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



_______________________________________________
Brownfields mailing list
Brownfields@lists.cpeo.org
http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org

  Prev by Date: [CPEO-BIF] Champion sawmill site, Missoula, Montana
Next by Date: [CPEO-BIF] Muskegon, Michigan wind farm and ethanol plant
  Prev by Thread: [CPEO-BIF] Champion sawmill site, Missoula, Montana
Next by Thread: [CPEO-BIF] Muskegon, Michigan wind farm and ethanol plant

CPEO Home
CPEO Lists
Author Index
Date Index
Thread Index