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The committee reviewed environmental and construction challenges at the Water Street Redevelopment Area: 33 of 39 former parcels were identified as contaminated, one additional parcel was a leaking underground storage-tank site, and fill materials range from 2 to 21 feet deep. Two identified areas still require future remedial or other response action for PCB-related human exposure risks.
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The findings mean future developers will need to manage contamination, underground features, easements, and unstable or suspect fill during planning and construction. The committee discussed edits to the request for qualifications (RFQ), including whether redevelopment should use one master developer or a phased approach. Staff will return in June with taxable-value estimates, tax-increment-financing tables, and a timeline for potential site revenue.
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