Short-term gains may hurt bankrupt Chester's economic development, says the state receiver's office.
What officially was a public hearing mutated at times into a boisterous and emotional demonstration against a multi-billion-dollar concept, a potential excavator to help a bankrupt city dig its way out of financial peril.
It’s not about the money, they say, nor is it exclusively about hazards and pollution, which have been focal points of LNG protests around the country. They hold that it’s very much about the future of Chester’s economy and what kind of a city it will be when it emerges from bankruptcy, whenever that might be.
He said that safety is an issue, and that an undetermined number of residents in riverfront neighborhoods would have to be displaced to make way for a buffer zone. LNG proponents say it is gentler on the environment than traditional fossil fuels. On its site, Penn LNG said it planned to build a “state-of-the-art near-zero-emissions facility.”
The presentation said the city was in danger of becoming “financially dependent on these industries … for decades to come.”
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