Toll Brothers has confirmed that in the wake of the EPA slapping the Gowanus Canal with a Superfund designation, setting the wheels in motion on a fed-led cleanup process that will take 10-12 years, the developer will abandon its plans for a 450-unit housing development along the polluted waterway. But the stigma of the Superfund branding has not scared off the Hudson Companies and other developers involved in the group selected to develop Gowanus Green (right), the $300 million mixed-use project that includes 774 mixed-income units in nine buildings on the Carroll Gardens side of the canal. That ambitious project, designed by Rogers Marvel Architects and landscape designers West 8 and Starr Whitehouse, is still a go?eventually!
The Gowanus Green Partners issued a press release yesterday announcing that it's not giving up on the project, even though the Superfund situation "presents new challenges for financing and construction." The EPA has said that property values do mighty fine on contaminated sites once the Superfund process is over, and the decade-long wait doesn't seem to be an issue: The Gowanus Green site is currently in the state's Brownfield Cleanup Program. Here's what Gowanus Green is supposed to one day look like. As for financing the canal's cleanup, the Times reports that the EPA has already identified some polluters it will hit up for cash, including Con Ed, National Grid, the Navy and New York City itself. At least 20 other companies will also be getting phone calls. They should probably think about investing in caller ID. For the rundown on who's happy and who's sad about the Gowanus Superfund, check out McBrooklyn's handy summary.
· Gowanus Canal Gets Superfund Status [NYT]
· Gowanus Canal coverage [Curbed]