Word: cleanups
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Rebuilding was not easy. The Air Force was slow to turn over its property, and the environmental cleanup proved time consuming. But today Denver and Aurora proudly call that land Redevelopment Triangle. The two cities are 80% of the way toward their goal of creating 10,000 jobs there and filling the area with 4,500 homes and apartments, plus 2 million square feet of offices, retail stores and restaurants worth $1.3 billion...
...ever-narrowing harbor are destroying a natural inheritance that no other major coastal city in China enjoys. And Hong Kong should take a self-interested lead in cleaning up the Pearl River Delta. A government investing in Disneyland could surely spend an equivalent amount on such a cleanup, starting with factories and power plants owned by Hong Kong's own tycoons. Without maintaining the quality of life that its topography and climate should provide, Hong Kong could gradually lose its richest sector?financial services. With effort, it could be a city like Sydney, which others envy for its combination...
...election. At the company's request, the North Carolina Republican inserted language in a spending bill calling for the National Academy of Sciences to study PCB-contaminated sites and produce a new cost-benefit analysis of dredging, which critics say GE could use to curtail the Hudson cleanup. GE has long insisted that the prudent course of action on the Hudson is to let sleeping PCBs lie. After complaints from environmentalists and New York politicians, including Senator Hillary Clinton (who has received $45,800 from GE since 1999), the Senate Appropriations Committee voted to call off the study. The issue...
...Hudson River being the most famous--a legacy of its industrial past. If GE wins its case, the Superfund law would be gutted, contends Kit Kennedy, a lawyer with the Natural Resources Defense Council. GE, she says, would have "infinite opportunities for legal tangles and delays before a cleanup order could be issued...
Told of the Taylor amendment, Immelt remarked, "I wasn't even aware that's the case ... We are who we are." GE would continue to defend its interests, he added. GE has reserved the cash for the Hudson cleanup, estimated to cost $500 million, and is cooperating with the EPA on a project design, he says. Nonetheless, the dredging operation, ordered in 2002 and scheduled to start in 2006, was recently delayed by a year. And GE may still legally challenge an EPA order to perform the cleanup or sue the agency to recoup costs...