Popular Searches: 　AIG 　china 　sunamerica+aig 　LIFE 　financial 　health
  • Share

BRIEF: C.R. claim in Sinclair fire yields $3.5 million payment

 

Monday, Nov 23,2009, 11:14:36 AM   Click:

The city and insurer Selective Insurance Co. have settled a fire claim at the city-owned Sinclair plant site for $3.5 million.

The claim followed a July 28 fire in one of the buildings at the former meatpacking plant, 1600 Third St. SE, where corn was being stored. The city bought the 30-acre site in 2006 for $4 million.

Casey Drew, the city's finance director, said the city likely will put the $3.5 million insurance settlement in a special fund to pay future costs at the Sinclair property.

Greg Eyerly, the city's flood-recovery director, said Wednesday the city wants to demolish the buildings on the site, which he said will cost between $20 million and $100 million and take one to three years. The city is negotiating with the Federal Emergency Management Agency on disaster relief funds for the buildings.

  • Share
  • Print

You may also be interested in:

Discuss this news

Click Here to see all comments
Please aware of self to obey the Internet related policy laws and strictly forbid to release porn, violence.
Appraisal:

Name:

Email:

Content:

Featured

Copyright: PR Newswire Source: PR Newswire Wordcount: 1307 Metro Atlanta school children to write about the benefits of exploitation; top essayists honored at Friday luncheon before the ING Georgia

ING Names Winners of "ING Run For Something

Copyright: PR Newswire Source: PR Newswire Wordcount: 1307 Metro Atlanta school

NEW YORK_American International Group Inc. has amended its bylaws to require that its board chairman be independent, a move that comes a week after a non-executive chairman was named at the troubled

AIG changes bylaws to require independent chair

NEW YORK_American International Group Inc. has amended its bylaws to require

INDIANAPOLIS_The Indiana State Teachers Association and the National Education Association say they'll scrape up enough cash to pay 650 people receiving long-term disability benefits from the state

Ind. teachers union to cover disability claims

INDIANAPOLIS_The Indiana State Teachers Association and the National Education

As Congress returned to session, key senators returned immediately to the debate over health reform. Sen. Max Baucus reportedly handed out copies of a draft bill to Senate colleagues that represents

AHIP Rejects Insurance Industry Fees in Baucus' Health

As Congress returned to session, key senators returned immediately to the

SilverStone Group, a full service resource management organization with more than 60 years of dedicated service, is proud to announce the expansion of services to the Des Moines, Iowa area.

Corbin Heads SilverStone Group's Des Moines Initiative

SilverStone Group, a full service resource management organization with more

ANGOLA, N.Y.--(BUSINESS WIRE)-- Evans Bancorp, Inc. (the Company) (NASDAQ: EVBN), a community financial services company serving Western New York, today reported its results of operations for the

Evans Bancorp Reports 2009 First Quarter Results

ANGOLA, N.Y.--(BUSINESS WIRE)-- Evans Bancorp, Inc. (the Company) (NASDAQ:

NEW YORK_The battle over the patent on Merck and Co.'s allergy and asthma drug Singulair, the best-selling drug of one of the world's largest drug makers, continued Friday as a group of drug

Merck sued over patent on allergy drug Singulair

NEW YORK_The battle over the patent on Merck and Co.'s allergy and asthma drug

MOST POPULAR