The Lehigh Valley Economic Development Corp. has received a $466,250 grant for remediation work at the future site of the Waterfront mixed-use development in Allentown.
"Making old industrial sites ready for new development is the goal here," said Don Cunningham, president and CEO of LVEDC. "This (Lehigh Valley Land Recycling Initiative)-initiated cleanup project will surely firm up the foundation for a brighter future for the City of Allentown and its waterfront property."
The funds will help in the cleanup of the former Lehigh Structural Steel site and lay the groundwork for the site development as a commercial, office and residential mixed-use property.
Tracy Oscavich, director of LVLRI, noted that the Waterfront grant will help with environmental improvements such as capping and restabilization of the river bank that will help to significantly decrease the likelihood of future impairment to the Lehigh River Watershed, as well as improve the health of the aquatic ecosystem.
The Waterfront is made up of one-million square feet of development along the Lehigh River
Jaindl Properties and Dunn Twiggar are spending a combined $285 million on the Waterfront development.
The grant from the state Department of Environmental Protection is part of $20.65 million in watershed protection project grants recently announced by Pennsylvania Gov. Tom Corbett.