Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CONCORD, MA-Starmet Corp., whose 46-acre property here just received Superfund designation by the US Environmental Protection Agency, intends to sue the US army for payment of the property’s cleanup. The Army, which reportedly rejected Starmet’s recent request for $50 million in cleanup costs, insists that it is only financially responsible for $6.6 million.

Starmet, a former supplier of uranium-tipped bullets, claims that the Army is responsible for the site’s contamination because it contracted for the materials that ultimately contaminated the property. From the 1970s through the early 1990s, when it was known as Nuclear Metals Inc Starmet produced $45 million worth of bullets each year for the Army.

“Our intention is to file a lawsuit against the Army based on contractual documents over 25 years,” Robert Quinn, president of Starmet, tells Globest.com. According to Quinn, it is still unclear how much it will cost to clean up the property, but he says that it could be as much as $50 million. His company, he notes, cannot afford to pay for the cleanup.

The EPA has notified the Army and Starmet of their financial responsibilities in cleaning up the site. Quinn says that the EPA will notify other firms as well although he could not specify which firms.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.