Wednesday, November 12, 2003

Sometimes you have to destroy a town in order to save it.

The small town of Cheshire, Ohio is disappearing as it is being purchased by an Ohio utility company. The town was purchased - and is being slowly dismantled - by the utility in a settlement following long years of complaints and litigation over the ash and pollutants that came from the utility's coal-burning electric plant. This is said to be the first time that a private company had purchased a town or neighborhood for environmental reasons, although the government has occasionally done so (e.g., Love Canal). People sold their property for about a 250 percent markup over fair market value, and most have bought houses within 50 miles of Cheshire. The company has also agreed to let people stay in their houses, if they want to, for the rest of their lives, even though the house was sold through the settlement. And even though it's becoming a ghost town, it's still getting state revenue sharing monies.

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