Site / Project Name |
Metaldyne |
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Brownfield Site Address |
25661 Cannon Road, Bedford Heights, Ohio 44146 |
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Site Owner |
Metaldyne Inc,. is the owner of record. However bankruptcy court dissolved the corporation. The property is in tax arrears, been through sheriff sale and is now owned by the state of Ohio. |
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Clear Title |
No |
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Owner Contaminator |
Yes |
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Former Use |
Manufacturing auto parts |
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Land Use |
The property is zoned manufacturing and to the northeast side of the property are plants. To the immediate east is a manufactured home / trailer park.
The property sits on a major commercial thoroughfare. |
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Infrastructure |
The neighbor to the northeast has a railroad spur they use sporadically. Access to I-271 and I-480 is approximately 1/2 miles away. |
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Assessment Level |
Phase 3/4
Cuyahoga County paid for a recently completed Phase II and Remedial Action Plan. |
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Contaminants |
PCBs |
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Cleanup Program |
Yes
PCBs. Estimated cost to excavate the cement floor and contaminated soil is approximately $3 million. |
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Remediation |
Yes
While Metaldyne was in business they tried to remediate the soil but on an intermittent basis |
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Developer |
Yes
Up until November, 2015 we had an end user and a developer. Unfortunately, the end user had to drop out. We are trying to keep the developer interested while seeking public funds to make the redevelopment project financially feasible. |
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Future Use |
Industrial |
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Financing Tools: Federal Programs |
TBD |
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Financing Tools: State Programs |
JobsOhio |
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Financing Tools: Funds Committed |
No |
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Challenges |
Financing |
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Technical Assistance |
Tax Increment Financing; New Markets Tax Credits |
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