[CPEO-BIF] Indianapolis sues insurance company

[Lenny Siegel <lennysiegel@gmail.com>]

City suit seeks more than $5M in site cleanup

Indianapolis Star
July 29, 2008

The city of Indianapolis is suing at least 15 insurance companies for 
more than $5 million that was spent to clean up the site of the former 
Ertel Manufacturing Co. on the Eastside.

Ertel closed its doors in 2003, and the city excavated the area, razed 
structures and disposed of 55,000 tons of contaminated backfill and 
soil. Tax-increment financing was set for the area, meaning taxes 
collected through the land's redevelopment would go back to the site to 
help pay bonds that were needed to pay for the area's cleanup.


...

For the entire article, see
http://www.indystar.com/apps/pbcs.dll/article?AID=/20080729/LOCAL18/807290371/1195/LOCAL18

--


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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