(Read more on the debt and equity marketsmore on the multifamilymarket.)
JERSEY CITY, NJ-Jersey City will receive as much as $15 millionfrom the state Department of Environmental Protection's HazardousDischarge Site Remediation Fund to clean up 20 acres adjacent tothe Jersey City Medical Center.
The city will receive $5 million a year over the next threeyears to remediate the site, known as the Grand JerseyRedevelopment Area, which was recently designated a brownfielddevelopment area by the state. The site, once called the "TurnpikeDump," was used as an unpermitted landfill until the 1980's andreceived several cleanups by the Environmental Protection Agency,starting in the early 1990's. The most recent cleanup, in April2007, resulted in the removal of more than 2000 tons ofcontaminated soil and debris.
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