2010 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: Wed, 27 Jan 2010 13:37:41 -0800 (PST)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] Palmyra, New Jersey deal falls througgh
 
Efforts to renew a brownfields tract elude Palmyra

By Maya Rao
Philadelphia Inquirer (PA)
January 26, 2010

The riverfront borough of Palmyra believed it had finally found The One.

A developer, i.Park Palmyra L.L.C., was offering the strongest commitment the borough had received to transform 189 acres on the south side of Route 73 into a revitalized gateway to Burlington County from Philadelphia. Other companies had backed out twice in recent years.

With assurances of stimulus for the South Jersey economy and the creation of hundreds of jobs, the company signed an agreement in March. It paid $150,000 up front to turn the contaminated site into a $563 million mix of condos, shops, offices, and an expo center.

Today, the land is still fallow, i.Park Palmyra is gone, and its point man on the job is hooking up with another city 10 miles up the Delaware.


...

For the entire article, see
http://www.philly.com/philly/news/homepage/82664242.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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