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, 2009More 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 | |
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