When Pigs Fly: Part 5
Who Is Resource Recovery, LLC?
In our series, When Pigs Fly, we established that Resource Recovery, LLC (RRLLC) will be the big financial winner of their landfill proposal and the locals will be the losers. Just who is RRLLC and can they fulfill their projections, promises and obligations?
RRLLC is a brand new company, incorporated in April 2004 specifically to build the Rush Township Landfill. They have:
- No record of landfill operation
- No landfill compliance history or track record
- Never built or managed a landfill
- Never built or managed an industrial park
They do not even own the site for the proposed landfill or industrial park.
RRLLC's benefit claims in their only official, signed initiative — the landfill permit application to DEP — are greatly exaggerated. It is poorly documented and inconsistent with the facts as demonstrated in Pigs 1, 2, 3, and 4 (see below).
RRLLC writes letters and makes promises to pay (e.g., I-80 interchange, tax supplements) but does not "put their money where their mouth is." No escrows in full, no major bonding, no major assets are placed as collateral to back their promises and obligations.
RRLLC proposes developing a large, diverse, expensive industrial park from landfill-generated energy and income. Achieving this depends on 40,000,000 tons of garbage being landfilled at $61.75 per ton at a time when both recycling and competition for the remaining waste is increasing and landfilling is decreasing. Because their income projections are too high, can they afford to build the I-80 interchange and industrial park?
If RRLLC were an electrician, would you hire them to wire you family's home?
How many of you, local citizens, think this is an acceptable deal?
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