Request Reprint Send us your request to reprint copyrighted material. Caution is of the utmost importance. We don't need new toxic problems to emerge while the development is in midstream.
Caution is of the utmost importance.
We don't need new toxic problems to emerge while the development is in midstream. The City Council approved the development six years ago, on the condition that the soil and groundwater contamination on the site be cleaned up to the satisfaction of the state Department of Toxic Substances Control before any development can proceed. The new owner of the property, Santa Clarita LLC, is a subsidiary of Arizona-based Remediation Financial Inc., which wants to build the project in phases, with the proceeds from one phase financing the cleanup of the next. Another financial wrinkle that the city staff has put back on the table is the possible use of redevelopment. Judging by the city staff's prior attempted misuse of redevelopment after the 1994 earthquake, we are watching that carefully.