A Bump in the Road
When the abandoned steel mill was acquired by the JDI and AIG development companies in 1999, they found the property was unusable in its current state. The steel mill had caused tremendous pollution to the ground and water supply. To use this property, they would first have to undergo a tremendous revitalization effort to replenish the led contaminated land. The process involved excavating 200,00 cubic yards of polluted soil, detoxifying the groundwater and removing asbestos filled buildings. All together this would cost them nearly $2 billion!
The construction of Atlantic Station is therefore labeled a “Brownfield Project” as it took an unusable property and turned it into something new.