Posted on 10.02.20
Oswego’s Midtown Plaza will be cleaned of contamination prior to being redeveloped
Source: https://www.nny360.com/, October 2, 2020
By: Randy Pellis
The development of the former Midtown Plaza site will require environmental remediation at a cost to the developer of approximately $307,000 before any new construction begins, according to the state Department of Environmental Conservation.
Property owner Home Leasing LLC, of Rochester, will be able to convert their remediation expense into state property tax credits under the state Brownfield Cleanup Program, a program meant to encourage private-sector cleanups of contaminated sites and to promote their redevelopment as a means to revitalize economically-blighted communities. Read more.
