This Week
  • The new Golisano Children's Hospital will be dedicated next week.

  • Citizens Bank leader outlines plans in visit.

  • The last six years have brought quite a transformation to Mirror Show Management.

  • For Christopher Thorpe of Darien Lake Theme & Water Park Resort, work is about having fun.

  • Local banks are getting ready to migrate to the global standard for secure payments.

  • Aprille Byam launched StoryChick to help people begin conversations.

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