Company responsible for Frisco industrial waste site declares bankruptcy

Print
Email
|

by JASON WHEELER

Bio | Email | Follow: @jasonwheelertv

WFAA

Posted on June 10, 2013 at 9:34 PM

Updated Monday, Jun 10 at 10:50 PM

Exide Technologies

View larger map

FRISCO — The toxic waste surrounding the now defunct Exide battery recycling plant in Frisco isn't the only big mess the industrial giant will have to clean up.

As anticipated, the City of Frisco received notice Monday that Exide Technologies is declaring bankruptcy.

"It was something that wasn't a huge surprise to us," said Frisco Mayor Maher Maso.

But what does this development mean for the heaps of lead that still have to be removed — at great expense — from the site just south of downtown Frisco?

Exide assured News 8 it will "continue meeting all the terms of our agreement with the city" to clean up the property to the point that it can be safely redeveloped.

"I'm confident that they will," said Linda James, who lives near the old Exide facility. "I may be back here in a couple of months saying something different, but I am going to go on a positive outlook that they will take care of it."

James said this is a big concern, "It does matter to me and everybody who lives in this city, and it is important for our growth."

That explains why the mayor of Frisco was quick to respond to the bankruptcy filing with a positive note.

"The cleanup is progressing... it's progressing," Maso said. "It's going the way we anticipated it to go."

But what if it stops progressing and Exide can't finish the job? The company wouldn't even discuss that possibility.

The Texas Commission on Environmental Quality insists it has a "strong and well-established bankruptcy program for dealing with such issues."

The TCEQ said it "will pursue all appropriate avenues for environmental compliance."

E-mail jwheeler@wfaa.com

Print
Email
|