ReVenture Park removed from Superfund National Priorities List

February 2, 2012.

The Charlotte based developer of ReVenture Park™, Charlotte’s first Eco-Industrial Park, is pleased to announce that the site is no longer a Superfund site. The announcement caps a three-year process overseen by the Environmental Protection Agency (EPA).

“The successful reuse of the Martin-Marietta/Sodyeco site is an example of EPA’s commitment to support beneficial reuse of sites, using cleanup programs to ensure protection of future users,” said Franklin E. Hill, Superfund Division Director, Region 4. “The partnership between government and the private sector, and a vision to bring about positive change for the community has resulted in the accomplishment of a great milestone for the site.  The path to redevelopment has been established and it will lead to a productive community asset.  EPA will continue to work with enterprising individuals and organizations to bring new opportunities to communities impacted by contaminated sites.”

Regulators in both EPA and the NC Department of Environment and Natural Resources (NCDENR) were very supportive while ensuring that every step in the deletion process was completed correctly.   The deletion will clear the way for sustainable, new development at the ReVenture Park site while providing for continued contamination clean up and the protection of the land and its wildlife.

The site’s remediation activities have always been and will continue to be monitored by the NCDENR. Since the mid 80’s, Clariant Corporation has spent upwards of $40 million cleaning up the site contamination that they inherited through the purchase of Sodyeco Inc. While much of the hard work has been done, the plan for ReVenture Park calls for enhanced remediation through more aggressive and accelerated clean up methods.

“From day one we recognized the potential of this property, and knew the contamination could be addressed”. Tom McKittrick, President of Forsite Development, a commercial real estate firm focused exclusively on acquiring corporate surplus industrial real estate for the purpose of redeveloping these properties in an economically and environmentally responsible way.

Positioned on a former 667-acre textile dye-manufacturing complex, the Eco-Industrial Park will become a national redevelopment model that can be duplicated on numerous dormant industrial sites scattered throughout the country. “These relics of our Country’s great manufacturing past can be recycled to breathe new life into communities by creating economic development that produces green jobs, cleaner energy, and alternative fuels,” said McKittrick.

The Eco-Industrial Park will be designed to leverage synergies between multiple renewable energy and alternative fuel projects, incubator labs, wastewater treatment and reuse, and R&D facilities.

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