Lieutenant Governor Bob Duffy was in town to make the announcement Friday. This follows last week's announcement that Kodak will create a $49 million trust fund to help clean up the park. The hope is to make it more attractive to other businesses. The New York State Department of Environmental Conservation will oversee the money and clean-up of environmental problems at the park. Kodak will also assume future legal responsibilities, meaning future companies will not have to worry about cleaning up environmental problems left behind by Kodak and Kodak will keep its presence at the park.
"There was a three pronged agreement that was reached that I believe is a landmark agreement. I think all of us would agree," Duffy said.
The plan still needs to be approved by the U.S. Bankruptcy Court.
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