"Kaplan Companies has been interested in the site for quite a long time and selected by Chevron Texaco for this redevelopment
project," Kist said.
In addition, the redevelopment
will feature a 650,000s/f retail complex, with a town center, three major anchor stores, a dozen boutiques and restaurants, and a recreation area with a 71,000-square-foot twin ice skating rink.
The residential component of this redevelopment
will include a mixture of homeownership and rental units as well as supportive housing.
The City recognizes that although this redevelopment
process will be a collaborative effort among the developer and the City, the resulting redevelopment
projects will be market driven.
However, she conceded that she will have to speak with the Selangor government first and obtained a 90 per cent agreement from the residents staying there before any redevelopment
Nana Akufo-Addo said the initial investment in the redevelopment
project is US$881 million, with the total investment of US$1.6 billion projected for the 22 years life of the mine.
In OHIO, the Westwood Community Urban Redevelopment
Corp received USD45,000 for West Side Brewery development in Westwood; the Downtown Middletown Inc received USD20,000 for Torchlight Pass in Middletown; the Hamilton County Business Centerreceived USD20,000 for small business coaching in Silverton; the College Hill Community Urban Redevelopment
Corp received USD14,000 for National City Bank renovations in College Hill and the Madisonville Community Urban Redevelopment
Corp received USD5,500 for historic Metz building renovation in Madisonville.
Stage two of the redevelopment
consisted of the demolition of the existing C arm deck, rigging deck and concrete hardstand and the construction of a new concrete hardstand adjacent to the sea wall north of the clubhouse to the boundary with d'Albora Marina, Rushcutters Bay.
Osbourne commented "I am delighted that we have been able to green light the investment for the much needed redevelopment
of the Royal Sussex County hospital.
With an eye on the redevelopment
sector, Kolte-Patil Developers Ltd.
Their firm represents designated redevelopers in redevelopment
projects throughout New Jersey, including Rahway, Paterson and Asbury Park, where the estimated $1 billion redevelopment
of the waterfront is taking place.