Tuesday April 16, 2013

Progress for Hampton Inn Project in Port City

Canalview Development zeroes in on hospitality market

    The vacant lot at state Route 481 and East Utica Street in Oswego, the former site of Breneman Co., is inching closer to becoming the home of a new Hampton Inn hotel.

    George Broadwell of Canalview Development LLC recently received notification from the New York State Department of Environmental Conservation that the site had been officially designated as a Brownfield cleanup site.

    The DEC’s Brownfield Cleanup program fosters the remediation and redevelopment of contaminated properties called "brownfields."

    The next step will be for Canalview Development to submit its work plan to the DEC for a field investigation to determine the specifics of the contamination. An actual remediation plan cannot be prepared until the full nature of the contamination is known.

    Canalview Development, as the property owner, is responsible for cost of the investigation and remediation of the site, according to the DEC.

    However, the DEC has also designated Canalview Development the status of "volunteer" rather than "participant" under New York State Environmental Conservation Law, meaning it had no direct involvement in the contamination of the site. Once the remediation has been performed and the DEC certifies it as complete, Canalview Development may be eligible for a tax credit.