Waste acquires PA landfill
Casella Waste Systems, Inc. has acquired a
municipal solid waste (MSW) landfill in McKean County, Pennsylvania
out of bankruptcy proceedings on February 24 for $0.5 million
in cash and the assumption of certain contractual obligations.
The roughly 230 acre landfill is permitted by the Pennsylvania
Department of Environmental Protection to accept 1,000 tons per
day of MSW by truck and 5,000 tons per day by rail. While a rail
siding is permitted at the site and the property abuts a railroad
spur, the company has no immediate plans to build a rail siding.
The site has over 33.5 million cubic yards of permitted airspace.
The company estimates the net present value of assumed contractual
obligations and closure and post closure liabilities at approximately