[CPEO-MEF] REUSE: Twin Cities (MN) deal falls th

[Lenny Siegel <lennysiegel@gmail.com>]

Cost of cleanup too much for potential developer of TCAAP parcel


by Michel Miron
Shoreview Press (MN)
June 9, 2009

ARDEN HILLS - Presumed contamination at a portion of the former Twin 
Cities Army Ammunition Plant (TCAAP) has hindered a major developer from 
moving forward with a land purchase.

Last month the Arden Hills City Council voted not to proceed with plans 
to purchase 585 acres of TCAAP land from the U.S. Army and the General 
Services Administration after potential end buyer Ryan Cos. U.S. Inc. of 
Minneapolis said the contamination would make redevelopment 
prohibitively expensive.

The initial plan called for the city to pay $45 million for parcels 
known as Site K and Building 102 to resell to Ryan. The price was 
reduced to allow for the new owner to pay for clean up of contaminated 
soil at the site, and redevelopment was slated to begin over the next 
year. At one point, the project was to include 2,200 residential 
dwellings, 875,000 square feet of retail and mixed-use space, 575,000 
square feet of industrial space, 1.2 million square feet of office space 
and 235 acres of park area, wildlife corridors and water features.

...

For the entire article, see
http://presspubs.com/articles/2009/06/09/shoreview_press/news/doc4a2e805f4b033985658046.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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