Buyout | St. Louis Public Radio

Buyout

A cautionary sign at a fence around the West Lake Landfill Superfund site, which contains World War II-era nuclear waste.
File photo | Véronique LaCapra | St. Louis Public Radio

A bill to create a buyout program for homes near the West Lake Landfill Superfund site in Bridgeton has been overwhelmingly approved by the state Senate. 

Under the proposal, residents of the Spanish Village subdivision near the site could apply to sell their homes to the Missouri Department of Natural Resources. As many as 91 families could have the option to move away from the World War II-era radioactive contamination at the West Lake Landfill, which sits about 600 feet from the underground smoldering fire at the Bridgeton Landfill. Many residents have expressed concern about the potential health risks of living there.

Updated 2:05 p.m. April 12, 2011:

Reuters has now updated its story to indicate that a buyout is not in the plans:

Germany's BASF SE (BASFn.DE) has no plans to buy global biotech seed company Monsanto Co (MON.N), sources with knowledge of the situation said on Tuesday.

Rumors that a buyout was imminent sent shares of Monsanto Co (MON.N) up as much as 4 percent while shares of BASF, the world's largest chemical maker, fell 2.8 percent to 62.59 euros.