[CPEO-BIF] Destiny USA, Syracuse area, New York

[Lenny Siegel <lennysiegel@gmail.com>]

Ruling worth $200M to $720M for Destiny USA
Development's cleanup of "brownfields" qualifies for tax credits, judge 
says.


By Rick Moriarty
Syracuse Post-Standard (NY)
June 14, 2008

A judge in Syracuse ruled this week that a state Department of 
Environmental Conservation decision denying the Destiny USA development 
potentially hundreds of millions of dollars in "brownfield" cleanup tax 
credits was wrong.

In a decision released Thursday, state Supreme Court Justice John 
Cherundolo said the DEC acted "arbitrarily" and "capriciously" last year 
when it denied Destiny USA's application for admission to the state's 
Brownfield Cleanup Program. He ordered the department to admit Destiny's 
land into the program.

The DEC said Friday it was considering an appeal of the judge's decision.

Destiny applauded the judge's ruling.

...

For the entire article, see
http://www.syracuse.com/business/index.ssf?/base/business-0/1213434000123230.xml&coll=1

--


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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