FERLO ANNOUNCES $7.7 MILLION
TO REDEVELOP FORMER EDGEWATER STEEL
|
Ferlo |
HARRISBURG, April 14 -
State Sen. Jim Ferlo (D-Pittsburgh) today
announced a $7.7 million low-interest state
loan to remediate on-site soils on 34 acres
at the former Edgewater Steel site in
Oakmont.
“This funding will enable Edgewater
properties to move forward with plans to
remove contaminated soils through
excavation, removal and constructing
appropriate covers,” Ferlo said.
“The work will help prevent groundwater
contamination from this industrial site and
prepare the area for a promising new
neighborhood development.”
Ferlo said plans call for converting the
property into an attractive neighborhood
with a walkable riverfront, sidewalks, tree
lined streets, garages and diverse housing
units.
Ferlo said the total project cost is $14.8
million. The Pennsylvania Infrastructure
Investment Authority (PENNVEST) will
administer the loan. |
