This Week
  • Architect David Hanlon has worked with some of the area's leading developers.

  • For startup companies, legal and accounting missteps can prove costly.

  • Wilmorite hopes soon to win approval for $425M casino in Seneca County.

  • ID Signsystems Inc. has grown from a local company into an international business.

  • Robert Linton guides Jazz 90.1 through a new era in media.

  • The RBJ 75 supplement presents a list of the 75 largest private-sector employers.

Environmental trust for Eastman Business Park set

Rochester Business Journal
May 20, 2014

Arrangements have been completed for Eastman Business Park’s $99 million environmental trust, officials said Tuesday.

Eastman Kodak Co. is providing $49 million for the trust, and New York will contribute $50 million to satisfy concerns from federal regulators. Kodak and the state will provide additional funds if cleanup costs exceed the trust fund amount, officials said.

The fund will be managed by the state Department of Environmental Conservation.

The DEC has approved Kodak’s selection of Chicago Trust & Title Co. as trust administrator, officials said.

“The trust serves the community’s interests in protecting the environment while strengthening economic development initiatives around the continuing redevelopment of the site,” Bradley Kruchten, president of Kodak’s Graphics, Entertainment Commercial Films group, said in a statement.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google