[CPEO-MEF] PERCHLORATE, REUSE: Bermite (Santa Clarita, CA) sale falls through

[Lenny Siegel <lsiegel@cpeo.org>]

Bermite sale nixed
SunCal will not buy nearly 1,000 acres

By Jim Holt
Santa Clarita Signal (CA)
September 11, 2008


Developers shocked local officials when they announced Wednesday they 
would not purchase the contaminated 996-acre chunk of land in the middle 
of Santa Clarita.

Land developer SunCal Santa Clarita will not purchase the 
Whittaker-Bermite site in the city's core, even after it's cleaned up.

"SunCal Santa Clarita, partnered with Cherokee (Investment Partners), is 
no longer purchasing the Bermite site," SunCal spokesman Joe Aguirre 
said Thursday. "After putting up $20 million of advance capital and 
remediation, SunCal is disappointed by the decision of (Remediation 
Financial Inc.) to terminate the purchase agreement.

...

For the entire article, see
http://www.the-signal.com/news/article/3939/

--


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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