The Production Of The Sinclair Refinery Site - 1801 Words

1. Site Description and History The Sinclair Refinery Site is a 100-acre refinery, adjacent to the west bank of the Genesee River, and about one-quarter mile south of downtown Wellsville, New York. The refinery was built in the late 1800 s and operated by the Wellsville Refining Company until 1919 when the Sinclair Refining Company (now the Atlantic Richfield Company, or ARCO) purchased the property and operated the refinery until a fire ended the operations in 1958. The refinery was finally closed in 1963. After the closure, a majority of the property was transferred to the Village of Wellsville, which subsequently conveyed land parcels to various entities. Now approximately 6,000 people live within a mile of the landfill; several businesses and the State University of New York at Alfred s Wellsville Campus are located on the refinery portion of the Sinclair property; and approximately 500 people use the buildings located on this part of the site. Throughout the operation and dismantling of the refinery, various types of wastes including cloth filters, fuller s earth, oil sludge, contaminated soil, pesticides, heavy metals, and fly ash were generated and disposed of in two on-site landfills adjacent to the Genesee River over a 30-year period. The landfill area of the site consisted of a 9-acre Central Elevated Landfill Area, a 2-acre South Landfill Area, and a 1-acre sand and gravel area between the two landfills. The landfill area was located at the very southern end ofShow MoreRelatedLegt2751 Notes for Midsem2002 Words   |  9 Pagesordinary income: Income from personal exertion, Income from business, Income from property. Capital: Does not have the character of income: Different approaches * Process/Structure (Dixon’s criteria from Sun Newspapers – Amount paid to limit production of rival) - Distinction between business structure set up to earn income and process by which income is earned. Receipts relating to the loss or destruction of profit-making structure will be capital. Amounts made in loss of the profit/making structure