AGREEMENT REACHED IN EASTMAN PARK CLEANUP

A new agreement has been reached between Eastman Kodak Co., Empire State Development and the state Department of Environmental Conservation on an amended environmental trust fund for future remediation work at the 1,200-acre Eastman Business Park., in
In a 91-page filing by The U.S. Environmental Protection Agency with U.S. Bankruptcy Court, a commitment from New York State is included to provide up to $50 million if Kodak‚Äôs original $49 million falls short of what’s needed.
Anything over that, the DEC and Kodak will split 50-50.
The amended agreement is subject to court approval of Kodak’s Chapter 11 bankruptcy.

Leave a Reply