Governor Cuomo says there’s an agreement between the various parties who are involved in the plan to deal with environmental issues at Eastman Business Park. This involves the plan to deal with contamination that happened when it was still called Kodak Park.
Cuomo says the plan between the DEC and Kodak to deal with contamination in parts of the Genesee River and the Eastman Business Park has been endorsed by the U.S. Environmental Protection Agency.
The federal agency has now endorsed the settlement reached last August between the DEC and Kodak.
That settlement requires Kodak to contribute $49 million to establish a trust for the environmental cleanup. New York State agreed to provide $50 million for further environmental work if needed.
As part of the agreement, Kodak and the state will provide additional money to address any future cleanup if the costs exceed $99 million.
Cuomo says the agreement ensures that the effort can continue to transform Eastman Business Park into a regional hub for new businesses.
