[CPEO-BIF] Water Street, Ypsilanti, Michigan

[Lenny Siegel <lennysiegel@gmail.com>]

Ypsilanti's Water Street project attracts one bid


By KHALIL E. HACHEM
The Ann Arbor News (MI)
February 15, 2008

The city of Ypsilanti attracted only one proposal for marketing the 
Water Street development project that has been stalled for more than a year.

...

Water Street is a brownfield development, which means the site contains 
industrial contamination. The city cleaned up some of the contamination 
and more work is needed on the 38-acre project east of downtown.

The city proposed in 1999 to remove old buildings and clean up former 
industrial sites south of Michigan Avenue and east of the Huron River 
and replace them with condominiums overlooking the river. In 2004, the 
city broke off negotiations with a Troy developer over the cost of 
environmental cleanup and selected Joseph Freed and Associates of 
Illinois to carry out the project. Freed dropped out of the project in 
2006, citing the worsening housing market.

...

For the entire article, see
http://www.mlive.com/business/index.ssf/2008/02/water_street_project_attracts.html

-- 


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
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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