From: | Lenny Siegel <lsiegel@cpeo.org> |
Date: | Wed, 11 Feb 2015 07:34:04 -0800 (PST) |
Reply: | cpeo-brownfields |
Subject: | [CPEO-BIF] Former steel plant, Claymont, Delaware |
News Release Commercial Development Company February 10, 2015Commercial Development Company, Inc. Purchases 425-Acre Shuttered Steel Mill in Claymont Delaware, Plans Environmental Remediation & Redevelopment ST. LOUIS--(BUSINESS WIRE)--Commercial Development Company Inc. (CDC), a leading North American commercial real estate and brownfield redevelopment company, today announced the acquisition of a 425-acre, environmentally-distressed, former steel mill in Claymont, Delaware from steel manufacturer Evraz. CDC and Environmental Liability Transfer, Inc. (ELT), an affiliate of CDC, have assumed responsibility for legacy environmental liabilities associated with the site and its former operators. For nearly a century, this facility was home to steel manufacturing operations for rail, infrastructure and other industrial applications. The property was acquired by Evraz in 2007, and continued operations until 2013 when it closed its doors due to economic reasons and began searching for a buyer. As a result of decades of steel manufacturing, the site’s ground contamination and environmental hazards prohibited a traditional real estate transaction. An environmental liability transfer and remediation plan proposed by CDC has enabled Evraz the ability to sell surplus real estate and also transfer legacy environmental liabilities. ... For the entire release, seehttp://www.businesswire.com/news/home/20150210006189/en/Commercial- Development-Company-Purchases-425-Acre-Shuttered-Steel -- 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 _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org | |
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