A recent announcement from Lieutenant Governor Susan Bysiewicz revealed that the City of Waterbury will be given a state grant in the amount of $4m to clean up two former factory locations.
One of the reasons Waterbury became known as the Brass City was the presence here of the Anaconda American Brass plant. The now abandoned facility at 130 Freight Street has been deemed an environmental hazard. Approximately half of the new grant money will be used to assist the city in breaking up the foundation and conducting soil testing
The other brownfield site in the city, the former Anamet property on South Main Street, includes 17 riverfront acres.
Connecticut is currently spending $19m on 31 brownfield cleanup sites across 23 municipalities. However, it is projected that once the properties are cleaned and made safe, they will offer an eightfold return on the money invested in them.
Brochure printing services are used in the search for tenants by new developments, both commercial and residential. The property on Freight Street is slated for mixed use, which may include residential tenants. The property would likely be highly sought after as a place to live due to its proximity to the train station, which is within walking distance, plus its easy access to Route 8.
Work on these two sites is anticipated to start in September.
