|From:||Lenny Siegel <email@example.com>|
|Date:||Thu, 11 Jun 2009 11:18:16 -0700 (PDT)|
|Subject:||[CPEO-MEF] REUSE: Twin Cities (MN) deal falls th|
Cost of cleanup too much for potential developer of TCAAP parcel by Michel Miron Shoreview Press (MN) June 9, 2009ARDEN 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 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Military mailing list Military@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/military-cpeo.org
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