Sorry Stone, but better his estate pays for the cleanup than the rest of the public.
As far as I know the old Packard motorcar plant in Detroit is still empty and forlorn. But, and I don't know how to say this -- the world has survived the demise of what was the "Cadillac" of American cars back when Caddy was just another brand. I know a firm that made horse collars and buggy whips and seat covers for (horse and) buggy seats. Some young whippersnappers in the company wanted to make stuff for new-fangled automobiles but the old timers said no. They split the company and the new company made million of $$$ making auto seat cover replacements. The old company kept making horse collars for years -- sometime a half dozen in a good week. Think about it.
Quote Originally Posted by L Gebhardt:
Tom, so you want to live in a world where you are free to pollute the environment without the responsibility of cleaning it up? An you're offended by a few people with tattoos and piercings. Seems like your priorities are backwards.
Everyone seems to forget that Kodak Alaris got Harrow, the colour paper manufacturing facility on it, the right to market the colour paper and the chemistry marketing rights.
Kodak film is an important business, but I would be willing to bet that the paper is pretty important too.
And Stone - it would have been quite surprising if Ilford Harman was able to raise the capital to buy their current premises, given that that entity arose from the ashes of a bankruptcy/receivership.
As best as I can recall, they do enjoy the benefit of a long term lease.
Eddie, allow me to be understood clearly: When I see people I see the good first. The bad, I don't see so well, right off. If that is misunderstood as offense or insult only because of my own lack of literacy to convey that, then please don't take that for contempt. That certainly would be a pity. Regards.
I'm glad we found a way to clean it up, I just think it stinks to be paying for something that we didn't even do in any violation, we did it before the laws and know-how existed...
Anyway it's almost all gone (the money and the bad soil) the EPA released us from them, and now we just deal with the cleanup company so we are almost done.
But anyway the ONLY reason we could cover this tremendous payment was simply that the location of the store was in Greenwich, CT ... So the rent of the buildings is extremely high, otherwise we would have not been able to pay many years ago...
We are really trying to make the best of it for us and the environment of course.
As far as inheritance, I keep telling my aunts and uncles and mother that they should keep the property and be smart like rich families and use the trickle income into retirement but they are all foolish and greedy and want the money now, and my mom doesn't have the ability to buy them both out... So I'm sure it will all be spent by the time it would have gone to me.
Anyway back to kodak, my point was that they will have a heck of a time cleaning the soil if it's truly contaminated. And it will cost them dearly.
I also think they are being just as foolish as my aunts and uncles, it's probably one of the only positive performing assets they have and they are getting rid of it to "do more research" I guarantee some of that money will become a bonus for the board members... Sucking kodak dry seems to be the plan.
Tom- When you write (disparagingly) about Section 8, the EPA, politics, piercings, etc., it comes across as contemptuous. I believe you when you say you see the good in people first. I'd like you to present the good in you first, rather than the negative rants. I know you have it in you... :)