Atlantic City is working to remove barriers for new development. One such barrier is site contamination.
Thanks to a $300,000 grant from the US Environmental Protection Agency (EPA), developers can apply to the City for funding for these assessments and avoid the cost of testing. An added cost of land development in Atlantic City is assessing the property to determine the level of contamination and the method of remediation.
Many development sites in Atlantic City have some form of petroleum or historic fill contamination problem.
Environmental assessments in Atlantic City can cost thousands of dollars.
The first grant has been awarded to Patrick Fasano, a developer from Asbury Park. Fasano wants to build a mixed use development between New York Avenue and Saint James Place on the beach block. Fasano plans a food court and forty apartments in anarea that consists of vacant land. The project is a block away from Tennessee Avenue.
The City is accepting applications from commercial and multi-family residential developers for assessment services. Successful developers can receive a Phase 1 and/or Phase 2 environmental assessment of their property at no cost.
Developers will have to complete an application and once approved, the City will authorize one of the brownfields assessment firms that are contracted with the City to complete the assessment at no cost to the developer.
For more info: contact Maisha Moore at MSMoore@cityofatlanticcity.org