[CPEO-BIF] "DTE to sell Marysville (Michigan) power plant to brownfield redeveloper"

[Lenny Siegel <lsiegel@cpeo.org>]

DTE to sell Marysville power plant to brownfield redeveloper

By Jim Bloch
New Baltimore Voice Papers (MI)
December 13, 2013

If the due diligence process unfolds as planned, the huge shuttered  
Marysville power plant will be sold within four months to Commercial  
Development Company, a St. Louis based firm specializing in the  
cleanup and redevelopment of polluted industrial sites.



DTE Energy officials made the announcement at a press conference at  
Marysville city hall on Dec. 11.



CDC, through its sister firm, Environmental Liability Transfer, will  
clean the inside of the plant, demolish it and clean the polluted  
earth under and around the plant.

"We have been told by DTE regularly and often that we are in  
partnership with the city," said Randall Jostes, president and CEO of  
ELT. "We hope to have a vibrant development in Marysville."



Mayor Dan Damman said CDC and the city have the rare opportunity to  
redevelop a site with regional significance. The 20-acre property  
sits on the St. Clair River and features a natural deepwater dock,  
rail access, proximity to the Blue Water Bridge, I-69 and I-94 and  
the St. Clair County International Airport.

...

For the entire article, see
http://www.voicenews.com/articles/2013/12/13/news/ 
doc52ab2d92b0940807728194.txt

--

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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