News and Tribune

Recent Local News

April 30, 2012

Young touts legislation protecting developers as a job creator

Congressman says River Ridge is area’s biggest opportunity for growth

Legislative language that would protect developers from environmental liabilities at the River Ridge Commerce Center has been included in the FY13 National Defense Authorization Act.

Originally, that language was part of a resolution authored by Indiana Rep. Todd Young, R-Ind. During a press conference Monday afternoon, Young said the action “will in the coming years bring more jobs to the area.

“The fact that the House Armed Services committee has included this legislation in the NDAA greatly increases the likelihood that this will become law,” Young said. “River Ridge may be our biggest opportunity for economic growth and job creation in the area and I’m happy to help move that opportunity one step closer to reality.”

Businesses which redevelop military installations closed under the guidelines of the Base Realignment and Closure process are given protection from legal action and costs associated with the release of hazardous substances, pollutants or contaminants used in Department of Defense activities. However, the old Indiana Army Ammunition Plant — part of which is now River Ridge — was not closed under those guidelines years ago.

The legislation does not change any environmental restrictions and the Army Corps of Engineers still needs to clean up the site before the land is transferred. However, the language provides protection for businesses in the event that something was missed by the Department of Defense. If passed, the department would assume responsibility for missed contamination.

Young said the language makes sure the old INAAP land gets the same treatment as other closed facilities receive. A Congressional Budget Office review of the legislation noted that it will result in an insignificant amount of direct spending by the department. Without any specific figures, Young said the primary cost of the legislation would be administrative in nature, including a study of the land by the U.S. Government Accountability Office. That review would be done in house by the office, making the cost marginal, Young said.

“The upside is huge.”

Executive Director Jerry Acy said the River Ridge Development Authority has paid about $1 million in insurance costs in the last 10 years to cover the environmental liability. If it passes in its current form — a full house vote is expected in early May — those costs should decrease, he said.

“This indemnification is something that we’ve been working on for several years,” Acy said.

The U.S. Army still has 2,700 acres of land to transfer to River Ridge, which in turn sells to developers. Of that 1,500 acres still need to be decontaminated.

1
Text Only | Photo Reprints
Recent Local News
LOCAL MAGAZINES
Easter 2014 photos


Click on any photo to purchase it.

SPECIAL CONTENT
Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
2013 Photos of the year


Take a look at our most memorable photos from 2013.