Norfolk Southern Unveils Plan to Compensate East Palestine Homeowners
Summary from the AllSides News Team
Norfolk Southern, the owner of the derailed train that caused a toxic spill in Ohio earlier this year, released a plan Monday to compensate those affected by the accident.
The Details: Under the plan, the company will pay area property owners any difference between the amount they receive for selling their homes now and the value of their homes before the derailment. The agreement covers those living within a 5-mile radius of the site.
For Context: The train released over 1 million gallons of hazardous materials when it derailed and caught fire in February. Norfolk Southern estimates the derailment to cost around $803 million, in addition to the yet-to-be-determined cost of the homeowner compensation program.
How the Media Covered It: Many left- and center-rated sources covered the news, but few covered it prominently. Many highlighted continued health concerns in communities near the accident site. No right-rated sources covered the news at the time of this writing, which is notable because many right-rated sources thoroughly covered the accident and immediate aftermath.
Featured Coverage of this Story
From the Left
Norfolk Southern announces details of plan to pay for lost home values because of Ohio derailment
Norfolk Southern announced new details Monday about its plan to compensate East Palestine residents for lost home values since the fiery derailment disrupted life in the eastern Ohio town in February.
The railroad’s program will no doubt be welcomed by some people who want to sell their homes and move away from the town rather than deal with the lingering health worries. But some critics say the railroad should be doing more to address those health concerns instead of worrying so much about economic recovery in the area.
And the details are still tentative because the Ohio...
From the Center
Norfolk Southern to start compensating homeowners for Ohio derailment
Norfolk Southern (NSC.N) said on Monday it launched an interim program to compensate homeowners around East Palestine, Ohio who have had to sell their properties at a reduced value following a Feb. 3 train derailment that spilled toxic chemicals.
The program applies to parts of Ohio and Pennsylvania near the derailment site and applies to those with homes on the market, future listings or sold since Feb. 3. The railroad first announced plans in May to create the program. The train caught fire and released over a million gallons of hazardous materials...
From the Center
Norfolk Southern to pay Ohio town residents for any lost home value after a train crash and resulting health worries decimated the local economy Norfolk Southern announced new details Monday about its plan to compensate East Palestine residents for lost home values since the fiery derailment disrupted life in the eastern Ohio town in February.
The railroad’s program will no doubt be welcomed by some people who want to sell their homes and move away from the town rather than deal with the lingering health worries. But some critics say the railroad should be doing more to address those health concerns instead of worrying so much about economic recovery in the area.
And the details are still tentative because the Ohio Attorney...
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