Demolition of Hess Oil Tanks Underway
(2/23/2006) Mayor John DeStefano, Jr., joined by local businesses and neighbors, kicked off the demolition of 18 Hess oil storage tanks, clearing the way for future development of eight acres of prime developable land.
The news conference took place at the Hess facility, 100 River St. Take Chapel Street over the Chapel Street bridge, right on James Street and left onto River.
The site is valuable waterfront property which the City will take title to once the Amerada Hess Corp. has demolished the 18 oil storage tanks on the site, along with various buildings and the completion of environmental remediation. The City has entered into a Purchase and Sale Agreement with the Amerada Hess Corp. to purchase the 8.5 acres of property at 100 River St. The City will pay $2.75 million for the land and will take possession once Hess has finished readying the site. This process is expected to take at least 18 months.
Hess agreed to handle the remediation and clearing of the site at its own expense.
The purchase of 100 River St. is part of New Havenís River Street Municipal Development Project, designating 25 acres of vacant or underutilized property, located primarily along the Quinnipiac River, within the 53-acre project area for City acquisition and resale for redevelopment for light industrial and commercial use. It also calls for the reconstruction of River Street - completed last year, improvements to side streets in the project area, the extension of Blatchley Avenue to enhance access to the riverfront, and construction of a landscaped walkway along the river connecting Criscuolo Park on the west and Front Street Park on the east.
Suraci Metal Finishing was the first business to acquire property in the development area in December of last year, buying a property at 90 River St. to house its growing business, which is expected to reach an employment level of 100 people within three years.