The Shoreham-Wading River (N.Y.) Central School District has abandoned its opposition to the demolition of a nuclear-power plant that had provided it with exceptionally high property-tax revenues.
In a letter to district residents this month, David E. Jackson, the district's superintendent, said the school board decided to cease its efforts in federal courts and before the U.S. Nuclear Regulatory Commission to keep the Shoreham Nuclear Power Station from being closed.
The board dropped its opposition because it concluded that state authorities had already completed the process of taking over the plant for the sake of demolishing it, thus making any further resistance by the district not worth the expense.
In turn, the Long Island Power Authority, the agency charged with the plant's demolition, has withdrawn its threat to withhold a $14-million tax payment due to the district by the end of the month.
Although the plant was considered unsafe and never fully put into operation, it nonetheless generated $29 million a year in property-tax revenues for the district, making its schools among the wealthiest in the nation. The district had entered a protracted legal battle to keep the plant from being closed. (See Education Week, Jan. 22, 1992.)
Under the state's takeover plan, tax revenues from the plant to the district and other local authorities will be phased out over 10 years.
Vol. 11, Issue 35, Page 3Published in Print: May 20, 1992, as News Updates