CASE STUDIES
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Environmental Situation |
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Site: |
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Former Lithium Refining Site
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Vacant for 3 years
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Abandoned Buildings
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0 Jobs, minimal tax base
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Environmental: |
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Lithium impacted waste in
soil at depth
- Lithium impacted
groundwater
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Numerous cess pools under
buildings
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Petroleum impacted soils and
groundwater
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Asbestos roofing materials
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Development requires design
to accommodate existing
groundwater cleanup system
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Action: |
This 5.8-acre former lithium
processing site lay dormant and
fenced off. The buildings had
been abandoned for over 3
years. Significant soil and
groundwater contamination
prevented re-use of the
buildings. Property tax revenue
had fallen to minimum levels.
MPCA approved cleanup of Site
results in full liability
protections for developer,
lenders and tenants.
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Outcome: |
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79,000
SF Office Warehouse
constructed in 2003
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Tax Base increase of over $3
million
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Certificate of Completion
issued by State of MN
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One of first lithium sites
cleaned up in US
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130 new jobs expected on
site
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Awarded 2003 Best in Real
Estate Award for Best
Redevelopment by the
Business Journal
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Awarded 2004 NAIOP Award of
Excellence
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Awarded 2004 Economic
Development Association of
MN - President's Award
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