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Tuesday, January 24, 2012

$76,000 or whatever is in this box?

Congratulations, Gulfport, the box is empty!
"They're taking a tough position," city council president Ricky Dombrowski said. "We're just going to continue to push them. How could (the claim) be worth zero when it was originally worth $76,000? I think they've just drawn a line in the sand."

BP initially offered the city $76,000 for tax losses, but the city previously rejected that offer.

BP has paid only two loss of revenue claims to local governments in Mississippi, BP spokesman Ray Melick said. BP records show the city of Moss Point was paid more than $57,000, while the city of Ocean Springs received almost $133,000. Melick said a total of 60 loss-of-revenue claims have been paid to governments along the Gulf of Mexico.
Admittedly Gulfport did ask for $11.8 million including $6.1 million in "community damages" which BP says can only be paid out via the NRDA process. I'd be interested in knowing if they're interpreting their liability through the Oil Pollution Act correctly, there. Unfortunately the article doesn't settle that question.

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