Comments (3) 8:00 PM posted by admin |
From today’s Detroit Free Press:
Ferndale is the first community to list a site for this spring’s Brownfield Transaction Forum in Detroit.
The city submitted a parcel that once was home to Maverick Tube and LTV Steel, said Tony Huver of ASTI Environmental Marketing in Brighton, which is promoting the May 5 event at Cobo Center.
“Several other properties have been listed, but the Ferndale Brownfield Redevelopment Authority has the distinction of leading the way,” Huver said.
The forum will bring developers and investors to meet owners with properties to sell or lease, and it will have workshops on how to obtain financing for brownfield deals.
Ferndale’s property has a 223,000-square-foot building, railroad spur and an adjacent woodland for expansion or use as an employee exercise area, Huver said.
A brownfield is land previously used for industrial purposes that is contaminated but which can be reused once it is cleaned up.
Let’s just hope Ypsilanti is the second community to list a site.