Commercial Development Co., a St. Louis, Mo.-based firm specializing in industrial brownfield work, is ready to begin the first phase of cleanup at the Marysville Power Plant south of Port Huron in St. Clair County.
The company, which recently purchased the site from DTE Energy, expects the site will be ready for development in about 18 months. Potential redevelopment opportunities include office, residential, or industrial uses.
“In the days ahead we will be meeting with city officials, the community, and other stakeholders in order to develop a vibrant roadmap concerning the future of the site,” says Randall Jostes, CEO of Commercial Development.
Situated on 20 acres along the St. Clair River, the plant operated from 1922 until 2001, employing 250 people at its peak, and was officially decommissioned in 2011.
“We are profoundly pleased to have the opportunity to invest in the Marysville community,” Jostes says. “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.”
DTE first announced the preliminary agreement with Commercial Development in December. Financial terms of the deal were not disclosed.
“DTE Energy has worked diligently to ensure that the sale of this important property is in the city of Marysville’s best interest for future development,” says Dave Meador, DTE’s vice chairman and chief administrative officer. “We are excited about the site’s potential reuse and are confident that Commercial Development Co. will prepare the property to become a vibrant part of the community.”