$1 million will help environmental cleanup at Catasauqua’s Iron Works site
A
State Rep.
"I'm excited for what is planned at this site, which will be a real asset to the residents of
Smith said the borough is creating something of a public-private partnership to ensure the land is transformed in a way that can benefit residents, attract visitors and provide tax revenue for the borough well into the future.
No company has been willing to take on the environmental cleanup of a former industrial site in addition to developing the land, Smith said. The borough plans on taking care of the prep so that a company like
"The more money we can get in grants, the cleaner and more appealing the site is," Smith said Wednesday. "And the quicker the property will come to fruition."
The lack of an agreement of sale has not held up progress on the site, however. Smith said
"The last thing the state would want to do is put money into something that's going to sit for two or three years," Smith said. "Our local representatives work hard for us, they really do. If we don't have these grant funds, we can't do the project. It's going to produce jobs and [taxable property] and there's no downside."
Morning Call reporter
___
(c)2019 The Morning Call (Allentown, Pa.)
Visit The Morning Call (Allentown, Pa.) at www.mcall.com
Distributed by Tribune Content Agency, LLC.


AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Life Insurance Corporation (International) B.S.C. (c)
‘Bucksport is an island’: Can flooding in Bucksport be fixed through new flood plan?
Advisor News
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
More Advisor NewsAnnuity News
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity NewsHealth/Employee Benefits News
Life Insurance News