Easton officials to take temporary ownership of Stewart Silk Mill for environmental cleanup money - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 26, 2019 Newswires
Share
Share
Post
Email

Easton officials to take temporary ownership of Stewart Silk Mill for environmental cleanup money

Morning Call (Allentown, PA)

Sep. 26--Easton plans to take temporary ownership of the former Stewart Silk Mill in the city's South Side so the property can qualify for a $751,350 grant from the state's Department of Community and Economic Development to be used for environmental cleanup.

The state requires the city to own the property at 620 Coal St. that's slated for affordable housing and retail in order to qualify for the money, said John Kingsley, Easton's Director of Community and Economic Development.

The cost of the environmental cleanup is $1 million and will be matched by a 25 percent contribution from the developers, PIRHL, or Partners for Income Restricted Housing Leadership with offices in Cleveland, Chicago and Burlington, New Jersey, and Tim Harrison of Long Island, Kingsley said.

The work will start in November and is scheduled to finish in April.

Cleanup includes removal of asbestos containing materials, checking the property for lead-based paint, soil remediation and underground storage tank removal and demolition of remaining buildings on site, Kingsley said.

The site requires remedial excavation of approximately 1,188 cubic yards of impacted soil. A 10,000 gallon underground storage tank that remains on the property will also be excavated, cleaned and removed, Kingsley said.

Seven structures will be demolished including rubble from two existing buildings, he said.

The state has committed the money for the environmental cleanup, but no funds have been released. The program reimburses expenses that have been incurred, KIngsley said.

He said the developers will put up the money and be reimbursed. The developers are also paying for the cost of the temporary property transfer, which includes paying for insurance and hiring a third-party to oversee the work.

City Council unanimously introduced a resolution for the temporary transfer Wednesday night and plan to vote on the transfer on Oct. 9.

The proposed mixed-use development would transform the long-vacant and blighted Stewart Silk Mill into 27,000-square-feet of retail and affordable housing.

The first phase of "The Mill at Easton" calls for 55 affordable apartment units ? or 11 one-bedroom, one-bath units; 30 two-bedroom, one-bath units and 14 three-bedroom, two-bath units.

The first phase will also include a 2,500-square-foot clubhouse that will house support services provided by the Easton Area Neighborhood Center with a "health component" and financial literacy classes.

Lara Schwager, vice president of development for PIRHL, told The Morning Call in July that she expects construction to start next year.

PIRHL is working with Harrison, the developer behind Hamilton Crossings in Lower Macungie, on the retail part of the project, which would be phased in later.

The project was awarded $1.2 million in tax credits and $1 million in funding in July from the Pennsylvania Housing Finance Agency.

Schwager has said the $1 million will be used to demolish and clear the site and the tax credits will be used for the first phase of construction.

The four-acre Stewart Silk Mill site has been on the city's blight list for years. City officials have applauded the proposed re-development saying it will meet the need for workforce housing in Easton.

Christina Tatu can be reached at 610-820-6583 or ctatu@mcall.com

___

(c)2019 The Morning Call (Allentown, Pa.)

Visit The Morning Call (Allentown, Pa.) at www.mcall.com

Distributed by Tribune Content Agency, LLC.

Older

Alldredge, Johnston & Larue announces name change

Advisor News

  • Could a narrower focus help grow your practice?
  • U.S. debt hits $40 trillion: how to support concerned clients
  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
More Advisor News

Annuity News

  • MassMutual Expands Lending Options With New Secured Credit Line
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
  • New class-action lawsuit targets Delaware Life over annuity disclosures
More Annuity News

Health/Employee Benefits News

  • U.S. News & World Report Names the 2027 Best Insurance Companies for Medicare
  • FAQ: Getting the Most Out of Medicare
  • Harbor Health Brings Care and Coverage Together in Houston with the Acquisition of Village Medical Clinics: Harbor Health
  • Findings on Managed Care Described by Researchers at Boston Children’s Hospital (Medicaid utilization in children: Condition-specific incidence and spending): Managed Care
  • Idaho lawmakers hope to ensure timely doctor payments, treatment approvals in Medicaid transition
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • SBLI Lowers OmniTrak Term Rates and Expands Underwriting Flexibility
  • Open Enrollment Starts November 1: Tampa Broker Ryan Michalek Urges Families and the Self-Employed to Check 2027 Costs Before They Auto-Renew
  • MassMutual Expands Lending Options With New Secured Credit Line
  • AM Best Affirms Credit Ratings of Aflac Incorporated and Its Subsidiaries
  • AM Best Upgrades Credit Ratings of Dah Sing Insurance Company Limited
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.