|From:||Lenny Siegel <email@example.com>|
|Date:||Fri, 13 Jun 2008 17:58:28 -0700 (PDT)|
|Subject:||[CPEO-BIF] Schlage Lock, San Francisco, California|
Old Schlage Lock factory in S.F. finally sold James Temple San Francisco Chronicle (CA) June 13, 2008The 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 <firstname.lastname@example.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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