Schumer to IP: Divide former mill site in upstate New York to boost property's sale potential

MarketsAssociated Press

Sen. Charles Schumer is asking International Paper to separate two old landfills at a former upstate New York plant from the rest of the property in an effort to make the site more attractive to potential buyers.

Memphis, Tennessee-based IP shut down its mill in Corinth, in the southeastern Adirondacks, in 2002 after more than a century of operation. Local officials have been trying to redevelop the 357-arce property ever since.

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Schumer says the presence of two landfills on the site have been a "deal breaker" because anyone buying the property would have to assume the environmental liability of the landfills.

The Post-Star of Glens Falls ( ) reports that Schumer has written to IP's CEO, urging the company to agree to sell the property without the buyer having to take the landfills as part of the deal.


Information from: The Post-Star,