New book by Larry Connors Click here Improve your trading - See how
Tetra Tech Inc. project manager Daphne Digrindakis said an earlier estimate of $130,000 in cleanup costs was preliminary and didn't include all of the data gathered during site explorations this spring.
The company's most recent estimate is $178,000 for soils mitigation, though that figure doesn't include the costs of lead-paint and asbestos abatements in the existing structures. It also doesn't contemplate cleaning up soils beneath the buildings at the east end of the Malfunction Junction intersection -- workers haven't been able to analyze contaminant levels there, she said.
"All parties concerned should plan for around $200,000," Digrindakis said. "We're very confident that the bulk of it can be cleaned up for (that amount.)"
She noted several opportunities for funding to clean up the 2.4-acre plot, which has been an industrial site for more than a century.
The U.S. Environmental Protection Agency's Brownfields program offers competitive grants for cleanups to government agencies and nonprofit groups, providing a maximum of $200,000. Also, a coalition of economic development agencies in Montana have pooled $1.6 million in funding for a revolving-loan program for remediation work, with some of that money available as grants for cities, counties and nonprofit agencies.
Tetra Tech's work, the first comprehensive study of the site's contamination levels, was funded through the Brownfields program, coordinated by Lewis and Clark County in conjunction with the federal government.
To see more of the Independent Record, or to subscribe to the newspaper, go to http://www.helenair.com. Copyright (c) 2009, Independent Record, Helena, Mont. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
