International Avenue Calgary

May 27, 2011

AVX buys fouled land in Myrtle Beach

Source: Sun News (Myrtle Beach, SC), May 24, 1011
Posted on: http://fpn.advisen.com

Electronic components maker AVX Corp. has purchased the Myrtle Beach property that it contaminated with a suspected carcinogen called trichloroethylene, according to Horry County property records.

AVX paid nearly $4.6 million for the approximately 21.5-acre parcel previously owned by Horry Land Co., according to a deed transfer recorded last week.

The property is across the street from the manufacturer’s facility along 17th Avenue South.

The price tag was less than the $5.4 million that Horry Land sought when it sued AVX over the contamination in October 2007. That lawsuit eventually was moved to federal court and the two sides reached a settlement agreement in midtrial earlier this year.

Those involved in the land sale could not be reached for comment Monday. AVX lawyer Kevin Dunlap, Horry Land officials and their lawyer, Saunders Bridges, did not return telephone calls seeking comment.…

March 14, 2011

Myrtle Beach officials consider legal action over AVX pollution

Source: http://www.thesunnews.com, March 10, 2011
By: David Wren

Myrtle Beach officials say they are concerned that groundwater contamination from AVX Corp. might be more widespread than previously thought, and they are looking into whether legal action is warranted against the manufacturer.

“We want to know what liability they [AVX] have to the city and to the residents that live in that area,” Mayor John Rhodes said Wednesday. “We’re looking at the impact this has had on those residents’ welfare and the value of their property. Also, what impact the negative publicity will have on the city.”

Rhodes said more information will be gathered before the city makes any decisions. The City Council received a legal briefing on the issue during its meeting Tuesday. …