6 Oct, 2009 in News & Articles by admin

Pennsylvania county gets $900k to remove asbestos at former Bethlehem Steel Corp. headquarters

Lehigh County in Pennsylvania will receive $900,000 to remove asbestos from Martin Tower, the former headquarters of Bethlehem Steel Corporation. The 21-story building is the tallest in Lehigh Valley, as well as it will be redeveloped into a residential, retail as well as office intricate. The whole project will cost approximately $158 million. Of that, the nearly $1 million in federal money is only a tiny portion of the $7.4 million it will take to total the asbestos abatement.

County officials hope that the federal money will allow the redevelopment to get completed more quickly as well as get the property back on the tax rolls. The developers possess discussed the creation of a tax-incremental financing (TIF) district with the Bethlehem Area School Board in an effort to bring the site up to code as well as pay for the environmental abatement. A recent TIF district would possess to be signed off on by the city, county as well as school district.

Northampton County in Pennsylvania will as well as be receiving $300,000 in federal money from the Environmental Protection Agency (EPA) for asbestos removal at a former Bethlehem Steel Corp. factory. The building site will be turned into a performing arts center with a two-screen art cinema as well as a 530-seat cabaret-style music venue.

For the filled story, go to Lehigh Valley Live.

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