Closure of TLA Pond View in East Providence continues with auction
EAST PROVIDENCE — The continuing saga of the TLA/Pond View recycling plant on Dexter Road added another chapter Thursday morning, Dec. 20, with a public dispersal auction of the facility's equipment.
Pond View has been shuttered since Tuesday, Sept. 11, when the appointed receiver of the controversial plant filed an emergency motion to terminate operations.
Attorney John Mancini, the receiver of TLA/Pond View, submitted the papers to Providence County Superior Court Judge Michael Silverstein. The judge accepted the motion.
The auction was the next step in the termination process. The receiver continues to work on a closure plan for the site. No additional debris was accepted by the company after the September court date. The owner of the TLA/Pond View property, Ken Foley’s Kenlin company, did not oppose the closure motion.
The auction was conducted by Petroswky Auctioneers Inc., of North Franklin, Conn. According to the description, the auction was for the "entire equipment and rolling stock inventory from the former construction and demolition debris processing and recycling facility."
Dozens of industry types were in attendance on a brisk but sunny Thursday morning in the Rumford section of the city where Pond View sits.
A total of 428 lots were up for bid, from large-scale pieces like shredders, screeners and portable grinders to smaller items like office chairs, filing cabinets, computers and printers.
The auction, which was simulcast on the internet, drew interest from across the country. A bidder from Alabama purchased a Gruendler Wood Hog Shredder for $22,500. The piece retails around $90,000 new.
"That's a great deal," one of the auction attendees said of the shredder purchase. "It has a 1,000 horse-power motor in it. That alone is worth more that what it went for."
Bargain-seekers, it seems, found plenty at Pond View.
A mobil jaw crusher, which can sell for upwards of $100,000, went for just about half of that Thursday at $52,500. An Indiana bidder purchased a radial stacking conveyor for $2,900, an item new that sells for 10s of thousands.
The next step in the Pond View closure, the most important to city residents in the area, takes place once all the equipment is gone.
The clean-up process is expected to come from an $800,000 bond procured by the receiver as part of taking over TLA/Pond View operations. Mr. Foley’s Kenlin company, as the landlord, is also a guarantor in the process.
While the auction is being seen as a good step, residents won't be satisfied until the large piles of waste are gone.
"We're a group of Rumford residents that care," said Ken Schneider, one of the leaders of the TLA/Pond View opposition. "The process is moving way too slow for us. They keep saying they need more time. They keep going back to court. But there's still no clean-up taking place. We just hope and pray $800,000 gets it done.
"Eight hundred thousand dollars is a lot of money, but there's a tremendous amount of debris. Their going to have to go in there and dig, and it's going to stink. We'll put up with the odor as long as it gets done."