A two-week comment period associated with the PPA ended Friday. Pacific's managing partner Patrick Lucas told GlobeSt.com in January his company has an option to purchase the property contingent on the agreement with DEQ. The PPA defines the cleanup that Pacific will perform on the site and limits Pacific's future liability to the state in that regard.
The 12-acre site has been home to a tannery and a battery plant. Contaminants have been detected on the property and in the groundwater. The current owner of the 12-acre site is Trans-Pacific International. The remaining 21 acres of the 33-acre site, which is also contaminated, is owned by Portland-based trust Link Enterprises.
Pacific's Lucas could not immediately be reached for comment Tuesday morning, but now that the PPA has been signed the sale, cleanup and redevelopment of the 12-acre property appears imminent. The PPA gives Pacific three years to perform the clean up. Pacific plans to develop industrial buildings on the property.
Rod Struck of DEQ's Voluntary Cleanup Program says the vast majority of comments received with regard to the PPA were positive one, expressing delight that the site was being cleaned and redeveloped.
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