Officials in the village of Crestwood, Ill., are moving toward a possible $15 million payout to settle lawsuits over the Chicago suburb’s decades-long use of contaminated well water in its drinking supply.
The Daily Southtown reports that village trustees approved a $9 million bond issue that would help cover the cost. Another $3 million would come from current funds and the remainder from insurance.
But Mayor Lou Presta says the plan could unravel. He says that’s because residents could petition to have the bond sale put before voters in a referendum.
The village told residents it only used Lake Michigan water after discovering in 1985 that a village well contained cancer-causing vinyl chloride. But regulators later found that contaminated water continued to be mixed into the supply for years.
Topics Illinois
Was this article valuable?
Here are more articles you may enjoy.
Breaking: Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry
Rotting Apple: Berkley Explains Property Market, Company Appetite
World’s Largest Retirement Community Taps Muni Market to Help Build More Homes 

