Alabama
(2011-09-28)
ORANGE BEACH, AL
(APR - Alabama Public Radio
) -
Orange Beach officials have reached a settlement with oil giant BP PLC for a portion of revenue lost during last year's oil spill.The deal was struck after a year of negotiations.
Mayor Tony Kennon says the $1.27 million settlement would pay for lodging and retail revenue, along with some other ``small claims.'' He said the settlement was finally reached when BP agreed to pay an additional $300,000.
City leaders say they still believe they're owed upwards of $6 million. Kennon said the city would continue to fight for other forms of lost money using ``whatever legal avenues we have to go through to go after that revenue.''
Officials in nearby Gulf Shores agreed to a $1.8 million settlement for 2010 lost revenue late last year.
(Copyright 2011 by The Associated Press. All Rights Reserved.) © Copyright 2013, APR - Alabama Public Radio
