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Indian Point Doesn't Scare Some Away From Buchanan

BUCHANAN, NY (WCBS 880 / AP) - It's a regular old neighborhood. There are nice homes and sidewalks.

But in Buchanan, there's also the Indian Point nuclear power plant.

Realtors, however, say that while some are concerned, it's had no effect on the real estate market.

"Well, one of the appeals is that it's an easy commute to Manhattan and the second major appeal is that taxes are very low, because Entergy pays most of them," says Keller Williams realtor Gerri Schwalb. "The nuclear power plant has been there for years and years and years and it really has not affected prices, nor the number of houses selling in the area."

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Entergy is the company that runs Indian Point.

Schwalb says Buchanan is a great place to live, nuclear power plant and all.

"There aren't too many places you can move in the United States that you're not close to one," she says.

Meanwhile, following the earthquake and tsunami, Japan's prime minister says the situation at the crippled Fukushima Dai-ichi nuclear power plant remains "grave and serious.''

In a televised address today Naoto Kan warned that "we are not in a position where we can be optimistic. We must treat every development with the utmost care.''

He also apologized to farmers and business owners around the plant for damage caused.

Nuclear safety agency officials said Friday they suspected a breach in the reactor core of one unit at the plant. The complex was damaged by a March 11 earthquake and tsunami.

That could mean more radioactive contamination in the environment.

The uncertain situation halted work at the plant, where dozens had been trying to stop the overheated plant from leaking dangerous radiation.

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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