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DEP Acting Secretary Hanger Designates Delaware County Site for Redevelopment

October 1, 2008

To: STATE EDITORS

Contact: Deborah Fries of the Pennsylvania Department of Environmental Protection, +1-484-250-5808

New Development Will Bring Community Revitalization, Job Creation toChesterCounty

HARRISBURG, Pa., Oct. 1/PRNewswire-USNewswire/ — Department of Environmental Protection Acting Secretary John Hanger announced today that a former industrial site along the Delaware River in Chester that will be home to a Major League Soccer stadium and mixed- use development has been designated as a Brownfield Action Team project.

The designation will ensure that the project receives priority review and provides a single point of contact within DEP to help facilitate its development.

“This comprehensive mix of recreational, residential and commercial development will bring new jobs and tax revenues to a city that has struggled for decades, and will provide a tremendous opportunity to reconnect the surrounding neighborhood with the waterfront,” said Hanger. “The stadium will be a catalyst for future waterfront development in Chester.”

The Chester Waterfront Redevelopment project is expected to create 360 full-time jobs within 36 months. The project’s 30-year economic impact includes approximately $335 million in tax revenues and 900 permanent jobs.

“The Chester Redevelopment Authority and the project team share a vision that begins with the soccer stadium and continues with a mix of complementary development that will breathe new life into our state’s first city,” said Hanger.

Central to the project is the construction of a $155 million, 18,500-seat soccer stadium, which will also serve as a venue for concerts and community celebrations. As a condition of the Major League Soccer franchise awarded to the Philadelphia area in February, the stadium must be completed and opened for play by April 2010.

DEP today issued a permit to Bucinni/Pollin Group that allows the developer to begin preliminary construction at the stadium site.

The project, expected to cost approximately $400 million, incorporates public and private financing. The state has committed $47 million from a number of commonwealth agencies and programs to revitalize and develop the site. Additional commitments of $40 million have been pledged by the city, Delaware County, and the Delaware River Port Authority.

The Brownfield Action Team, administered by DEP, helps to accelerate redevelopment deals and gives investors the incentive they need to clean up contaminated industrial sites.

Since its launch in 2004, the Brownfield Action Team has fast- tracked 36 projects in 23 counties to redevelop more than 6,300 acres of brownfields that will create and retain nearly 41,000 jobs. The commonwealth’s land recycling program has approved 2,884 cleanups at contaminated and abandoned industrial sites since 1995, with 1,847 in progress. More than 1,000 sites have been cleaned and redeveloped and 30,000 jobs have been created or retained since 2003.

Brownfields are abandoned, idled or underused industrial and commercial sites where expansion or redevelopment is complicated by environmental issues.

For more information, visit http://www.depweb.state.pa.us, keyword: Land Recycling.

CONTACT:

Deborah Fries

(484) 250-5808

SOURCE Pennsylvania Department of Environmental Protection

(c) 2008 U.S. Newswire. Provided by ProQuest LLC. All rights Reserved.




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