Plans move forward to redevelop power plant site

Published on NewsOK Modified: May 28, 2014 at 10:37 am •  Published: May 28, 2014

MARYSVILLE, Mich. (AP) — Plans are moving forward by a business that specializes in industrial brownfield work to redevelop the site of the decommissioned Marysville Power Plant in Michigan.

St. Louis, Missouri-based Commercial Development Co. said Tuesday that it's ready to begin the first phase of cleanup, starting on the inside of the buildings. It expects the site about 50 miles northeast of Detroit to be ready for a new use in 18 months.

"We are profoundly pleased to have the opportunity to invest in the Marysville community. We are attracted to Marysville's strong history of industry and its strategic proximity to the St. Clair River and the U.S.-Canadian border," CEO Randall Jostes said in a statement.

Specific redevelopment plans haven't been announced, but Commercial Development plans to meet with city officials, community members and others. The site could stay industrial, Jostes told the Times Herald of Port Huron, or possibly be a retail and marina project.

"We really want to hear what everyone in Marysville thinks," Jostes said.

In December, Detroit-based DTE Energy Co. announced a preliminary agreement on a sale with Commercial Development Co. The deal was finalized Friday. Financial terms of the agreement weren't disclosed, according to a statement from the utility.

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