Some Upstate NY Homeowners Losing Home Equity To GE Pollution, Says Lawsuit

The Albany Times-Union recently reported on a situation in Fort Edward, New York that, according to a lawsuit, is driving down home values in a section of town - chemical contamination emanating from a General Electric capacitor plant. Reportedly, 42 homeowners have joined in a lawsuit against General Electric and the town of Fort Edward. According to Dennis Prevost, who grew up about 120 yards from the plant and is vice president of Hudson River Citizens Along the River's Edge, a not-for-profit group that has been pushing for the plume to be cleaned up more aggressively:

• "Here, GE is doing only what the law requires in a polluter-friendly state. Fort Edward is being treated like a red-headed stepchild."

For more, see Pollution upsets homeowners (Fort Edward residents say General Electric is moving too slowly to remove TCE, an industrial solvent).