400 Goodrich Street / 55 Daisy Street Redevelopment Project Remediation Completed
This complicated brownfield site has had all of the common elements of what seems as an impossible site for communities to solve, where there is real contamination, tax arrearage, zoning problems.
FACTS ABOUT THE PROPERTY
- Taxes Owed (as of 2008) $255,000
- Boundary line of the Hamden/New Haven communities runs through the property. 31% located in New Haven and 69% in Hamden. Hamden address is 400 Goodrich Street and New Haven side is 55 Daisy Street. There are also two small parcels connected in the same way 386 Goodrich Street and 67 Daisy Street.
- Zoning different on both sides of the building.
- Numerous mortgages on both addresses.
- Environmental cleanup to date: $2M
- Anticipated additional Cleanup: $400,000
HOW DID HEDC HELP SOLVE THE PROBLEMS ASSOCIATED
For further information of the Goodrich/Daisy Street project or other Brownfield programs, contact Dale Kroop, Executive Director of the Hamden Economic Development Corporation at 203-287-7033 or email@example.com.
- HEDC purchased the tax lien in Hamden which will enable them to foreclose out all mortgages.
- New Haven City will complete foreclosure and convey the property to HEDC.
- HEDC has secured two grants totaling nearly $400,000 for final remediation form the federal EPA Revolving Loan Program.
- HEDC has secured an end buyer than will be an office use.
- HEDC was able to secure $1.2M in EPA Emergency superfund cleanup funds.
- Project was completed in April 2010.
- Total cleanup costs: $2.5 million
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