X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ALPENA, MI-The Michigan Department of Environmental Quality director recently awardedthis city two brownfield clean-up grants totaling $325,500 for two local development projects. A $61,000 grant will be used for environmental assessment and limitedremedial action at a property located on the Thunder Bay River near Third and River streets, while a $264,500 grant will assist in the investigation of potential contamination at the former Fletcher Paper Co. property.

A local development company, Walden Properties LLC, will construct a $4-million, 30,000-sf riverfront condominium development.

Environmental data gathered at the property will be used to help protect thefuture owners from liability and allow the developers to safely reuse the former lumber and coal yards and automobile dealerships site. The new development will result in private investment of nearly $4 million and will generate substantial new tax dollars for the city.

The grants were announced by Department of Environmental Quality Director Russell Harding.

The site assessment fund grant will be used for environmental investigation activities at the former paper manufacturing plant located on Fletcher Street on the Thunder Bay River. Alpena Paper Co. intends to purchase and upgrade 94,000 sf of the former paper mill for $1.5 million and rehire 116 former mill employees.

Environmental data gathered at the property will determine the status of environmental conditions at the property; determine the potential liability for the future owners; if possible, protect them from liability; and allowthe company to safely reuse the plant.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.