ReVenture West To Transform SuperFund Site Into Eco-Industrial Park Near Charlotte, North Carolina
03/11/2013
ReVenture West is the first of three redevelopment projects that will make up ReVenture Park, which is expected to become a hub for renewable energy projects and anticipated to generate more than 700 new jobs. Located in northwest Charlotte, ReVenture Park is the site of a former textile dye-manufacturing complex. In 1983, the site was determined to be contaminated enough to be placed on the federal Superfund list for cleanup.
Clariant Corporation, the site’s owner since 1985, ceased dye operations at the site in 2005 and has spent about $40 million cleaning up contamination mostly caused by previous owners. ReVenture Park is partnering with Clariant to enhance the cleanup activities at the site as it prepares the site for redevelopment. ReVenture West is expected to produce about 245 jobs, $73.5 million in investment and up to $12 million in environmental remediation. ReVenture East is expected to bring 485 jobs and $235 million in investment.
“Old, unused manufacturing facilities shouldn’t be liabilities,” said Tom McKittrick, president and founder of Forsite Development, Inc., and the lead developer for ReVenture Park. “Developing an energy park on a dormant industrial complex is an opportunity where the private sector, public policy and environmental interests align to promote the clean energy economy. We are transforming liabilities into assets - the essence of recycling.”
The entire eco-industrial park will include businesses devoted to manufacturing; alternative energy research and production; recycling and regeneration of materials; post-secondary vocational and training facilities; utilities and waste water treatment; agriculture for fuel production; composting and land conservation. The ReVenture project also will include a 177-acre conservation easement that connects the Carolina Thread Trail to the U. S. National Whitewater Center. Wildlife habitat protection and enhancement is a critical component of the project.
“This project is an extraordinary example of how public and private sectors can partner to benefit the economy and the environment,” said Gov. Pat McCrory. “This brownfields project will create jobs and allow us to transform a once highly contaminated site into a new and thriving energy-related complex.”
Productive reuse of a property with such extensive regulatory history is rare because of the uncertainty in future cleanup liabilities. The brownfields agreement with ReVenture Park removes those uncertainties in a way that permits suitable redevelopment while continuing cleanup actions required to make the site safe for the proposed reuse, the Governor’s Office said.
Project Announcements
Southeastern Timber Products Expands Ackerman, Mississippi Sawmill, Operations
02/07/2025
HII Plans Berkeley County, South Carolina, Operations
02/05/2025
South Korea-Based SPC Group Plans Burleson, Texas, Production Operations
02/05/2025
Diageo North America Plans Montgomery, Alabama, Manufacturing-Warehouse Operations
02/05/2025
Octillion Power Systems Establishes Reno, Nevada, Battery Manufacturing Operations
02/05/2025
Letica Expands Fulton County, Kentucky, Operations
02/05/2025
Most Read
-
2024's Leading Metro Locations: U.S. Cities on the Rise Amid an Economic Reshuffling
Q4 2024
-
The Workforce Factor: How States Are Competing to Build Tomorrow's Talent
Q4 2024
-
Best Practices in Incentives Procurement
Q4 2024
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Five Strategies to Tackle the Data Center Talent Shortage
Q4 2024
-
Microsoft-Three Mile Island Deal Could Signal Path for Nuclear Power to Strengthen Partnerships with Big Tech
Q4 2024
-
Industries Look for Employees in Nontraditional Spaces Amid Labor Shortage
Q4 2024