Redevelopment Beginning at Former NL Industries Site
The 427 acre industrial site in Sayreville formerly owned by chemical manufacturer NL Industries – seen by millions every summer as they cross the Driscoll Bridge on their way down the shore – is finally being “redeveloped.” As pointed out in this article, dredged spoils are being imported to fill the site as part of pre-development efforts.
The new owner – O’Neill Properties – paid over $80 million dollars for the contaminated site last year. The developer envisions “The Point” – a multi-use development – to be completed by 2013. The land had been acquired by the town’s redevelopment entity via the exercise of eminent domain in 2005, but redevelopment had been delayed due to several rounds of litigation. With its checkered past, some wonder whether this project is finally moving forward. Only time will tell.
- Harrison Redevelopment: With Slow Going, Fiscal Health Is Questioned (njcondemnationlaw.com)
- Long Branch Considers Rehabilitation in Lieu of Redevelopment (njcondemnationlaw.com)
- Morristown’s Speedwell Redevelopment Hot Topic In Debate (njcondemnationlaw.com)
- Cupertino decides to opt in plan to maintain city’s redevelopment agency (mercurynews.com)