Posted at: 06/28/2013 3:55 PM
Updated at: 06/28/2013 5:17 PM
It's a plan that officials hope will bring new businesses to our area. The state has set aside a trust fund that will be used to address current future environmental concerns near Eastman Business Park.
Lieutenant Governor Bob Duffy was joined by a number of other officials Friday to discuss the plan. Governor Andrew Cuomo has said the agreement will help Kodak emerge from bankruptcy protection and company officials say they are hoping for the same thing.
Kodak Senior Vice President Brad Kruchten said, “We see the operations we have here are critical to Kodak. We have gone through a lot of restructuring while we've gone through the Chapter 11 process and as we now start to emerge, we really understand the importance of this park and we're really reinforcing and committing as part of this announcement that we will continue to have operations at this park and we see that for the foreseeable future."
That trust fund is for about $49-million. Part of the agreement states that Kodak does not hold any liability when it comes to future environmental problems at the park.