According to Joe Pesaturo, spokesperson for the MBTA, testing has shown small levels of lead and arsenic at the site. "The site will have to be secured and cleaned," he tells GlobeSt.com. MBTA inherited the site but is taking responsibility for the clean up. Pesaturo notes that it is unclear yet what the costs of the clean up will be.
Once the site is cleaned, MBTA's plans for it could include selling part of it either to a private developer or transferring it to the city, which could redevelop it as a park. "It depends upon the future needs from the rail's perspective," points out Pesaturo. "The neighbors would like to see MBTA move its service and maintenance facilities to another location. If we could relocate to another location, it's one of the options."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.