[CPEO-BIF] General Motors trust fund

[Lenny Siegel <lsiegel@cpeo.org>]

Obama administration proposes $800M trust fund to clean up old General 
Motors sites

By The Associated Press
MLive
May 18, 2010


The Obama administration on Tuesday proposed a trust fund of more than 
$800 million to pay for the cleanup of closed General Motors sites in 14 
states.

Ed Montgomery, who leads the White House Council on Automotive 
Communities and Workers, said the fund would clean up nearly 90 
properties shuttered in the GM bankruptcy.

He said it represented the largest environmental and economic 
development effort for former manufacturing sites.

The cleanup plan will help raze or rehabilitate dozens of vacant 
manufacturing facilities and offices left barren by GM's government-led 
bankruptcy last year. Montgomery announced the cleanup at a conference 
sponsored by the White House and the Brookings Institution, on the 
future of automotive communities affected by the industry's downsizing.

...

For the entire article, see
http://www.mlive.com/auto/index.ssf/2010/05/obama_administration_proposes.html


See also "Engler-era reforms pave the way for the cleanup and 
redevelopment of former General Motors properties" at
http://www.mlive.com/environment/index.ssf/2010/05/post_22.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



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