|From:||Lenny Siegel <email@example.com>|
|Date:||Thu, 3 Jul 2014 14:40:56 -0700 (PDT)|
|Subject:||[CPEO-BIF] Fort Smith (Arkansas) settlement - property values impacted by Whirlpool TCE|
Whirlpool, property owners reach agreement in pollution lawsuit by Ryan Saylor Fort Smith City Wire (AR) July 3, 2014Whirlpool announced Thursday (July 3) a settlement with south Fort Smith property owners in a class action lawsuit the owners filed after the company had disclosed that potentially cancer-causing trichloroethylene (TCE) had leaked into the groundwater and spread to the affected properties. TCE was used as part of a degreasing agent at the former Whirlpool facility until the 1980s, when its use was discontinued by the company.
A series of lawsuits were filed against the company in May 2013, with attorney Ross Noland of Little Rock-based McMath Woods Law Firm saying the suits were primarily focused on property damages, not health-related claims.
"There are some other elements of damage, but the primary is property damage and the reduction of value in the property," he said at the time.
Sebastian County Assessor Becky Yandell was responsible for dropping property values by an average of 41.2% in the area. She said her office had researched other TCE spills and the impact the spills have had on property values to come up with their total reductions in value.
... For the entire article, see http://www.thecitywire.com/node/33733 -- 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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