The large and looming pink landmark that welcomes people to the neighborhood could soon slip into the distant memories of the Old South Boston. The Boston Globe reported that the Exelon Corporation has put the Edison power plant on the market for redevelopment. According the article, at least a half-dozen developers want to develop the 18-acre site. There has been no public plans announced but most likely the land will be used for a mix of housing and commercial space. Back in April, the development partnership of Redgate and Hilco Global closed for the power plant for $24.25 million! What?
The word on the street was that this site and the soil around it was contaminated and could have potentially caused a high percentage of cancer, lupus and scleroderma in South Boston residents. Back in 2002 a nine-alarm fire that began in a hydrogen generator, covered firefighters in a toxic oil and caused medical issues for some of them.
The Environmental Protection Agency has been monitoring a cleanup of this site. Certain areas of the site may be be restricted in for housing. More cleanup would be needed in the future.
So there you have it! Even contaminated land in Southie is still valuable to developers. We shall see.
To read the full Boston Globe article visit: http://www.bostonglobe.com/business/2016/02/10/southie-power-plant-sold-…
On Wednesday, August 10th, Redgate invites the South Boston Community to an open house and meeting about the redevelopment. This meeting will take place at the Tynan Community Center at 6:30pm.