New Dawn and DND Reach Agreement
New Dawn Enterprises Ltd. today announced that it has reached final resolution to its six year dispute with the Department of National Defence (DND) regarding the environmental contamination at the site of the former Sydney Radar Base, now called Pine Tree Park.
“It has been a long road but we are elated that the matter is now concluded,” says Rankin MacSween, President of New Dawn. “In the final analysis DND and New Dawn were able to arrive at a settlement that is fair and just.”
The $7.3 Million settlement with New Dawn comes six years after the organization discovered that its Pine Tree Park property formerly owned by the DND was contaminated.
In 2004, New Dawn discovered a leaking underground fuel storage tank, followed by an additional 35 leaking fuel storage tanks. The contamination of New Dawn’s property resulted in the demolition of 40 rental units, as well as other direct and indirect business losses. The DND announced its $11.2 Million clean-up plans in February, and expects the work to be completed by 2013.
“For the past six years New Dawn’s resources have been focused on issues related to this matter”, says New Dawn Board Chair Doug Lionais. “We are grateful that the community supported us throughout this process and we are pleased that we are now repositioned to once again attend to New Dawn’s broader community agenda.”
For some of the media coverage on this announcement, check out the following links:
Global TV: http://www.globalmaritimes.com/video/index.html?releasePID=e3ZOS3_K5qV_gHupmM8MqxvPwyS_Gy7l
Cape Breton Post: http://www.capebretonpost.com/News/Local/2010-06-24/article-1412268/New-Dawn-Enterprises-receives-%247.3-million-settlement-from-DND/1
