[CPEO-BIF] Minneapolis East Bank project

[Lenny Siegel <lsiegel@cpeo.org>]

Large, polluted East Bank site might finally go condo

By Jeremy Stratton
Minneapolis Skyway News (MN)
August 14, 2005

After years of speculation, a polluted East Bank industrial site may
finally have found a developer that can handle its costly, complicated
transformation into residential condominiums.

Superior Plating is in a very early stage of negotiations with Ryan Cos.
about the sale of 315 1st Ave. NE, according to principals at both
firms. Superior Plating President Michael McMonagle says the deal must
include the existing factory's relocation- to a new facility Ryan would
build for perhaps $18-20 million.

That's before a condo project gets off the ground - and then there are
unknown pollution cleanup costs at the state-designated Superfund site.

...

For the entire article, see
http://www.skywaynews.net/articles/2005/08/15/news/news02.txt

-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org
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