Houston-area settlement announced from BP oil spill

Harris County, the city of Houston and METRO are expected to receive nearly $23.5 million as a part of an $18.7 billion settlement agreement with BP PLC to resolve claims resulting from the 2010 Deepwater Horizon disaster.

Enlarge Harris County, the city of Houston and METRO are expected to receive nearly $23.5 million… more Houston, METRO and Harris County are expected to receive nearly $23.5 million as part of an $18.7 billion settlement agreement with BP PLC (NYSE: BP) to resolve claims resulting from the 2010 Deepwater Horizon disaster.

The city of Houston is expected to receive $12.2 million for lost hotel tax and sales tax revenue. METRO will receive $9.2 million for lost sales tax revenue and Harris County will receive $2.1 million for lost hotel occupancy tax revenues, according to a statement from the city […]