New
Home Depot waiting in wings
Thursday,
January 8, 2004
By
JERRY BARCA
HERALD NEWS
PATERSON
- While the proposed Home Depot site looks like an abandoned dirt
field, progress has been made to bring the big box store to the
Silk City.
The
state Department of Environmental Protection is reviewing tests
from the site, formerly a dye factory. Gordon LaForge, who owns
the land, is waiting for DEP clearance before he can sell it to
The Home Depot.
Last
summer, development stalled when LaForge, of Dynasty Building
Corp. in Paramus, and the DEP squabbled over how the owner would
pay for further environmental testing.
To
complete the testing, LaForge secured private funding and a $425,000
loan from the state Economic Development Authority. The DEP received
completed ground water test results in mid-December and expects
to complete its review of the tests during the first week in February,
said spokesman Fred Mumford.
The
DEP's review could call for more testing, more cleanup or allow
LaForge to move forward. An approval would call for continued
ground water monitoring and enable LaForge to complete the property
sale to the home-improvement chain.
If
the DEP gives LaForge approval, he said it would take two weeks
for The Home Depot to take possession of the 8.7-acre lot between
Route 20 and East 27th Street.
"That
would be great. We're waiting for that thumbs-up," said Home Depot
spokesman John Semley.
Pending
the DEP's review, Semley declined to estimate a timetable for
construction of the Paterson store. But it usually takes between
eight and 11 months to build and open a Home Depot, he said.
The
Home Depot has remained committed to the Paterson project since
it came on the drawing board in 2000. "It's such a great site,"
Semley said.
If
it opens, The Home Depot would create 200 jobs in the city. The
store is expected to generate $1.5 million in sales tax returned
to the city under the Urban Enterprise Zone program.
So
far, the cleanup effort at the former Lyons Piece Dye Works site
has cost $3.6 million, LaForge said.
In
2001, the City Council, under the Martin G. Barnes administration,
gave LaForge $1 million in Urban Enterprise Zone funds after he
exhausted his own money for the cleanup.
Since
he bought the tract in 1989, LaForge always planned to sell the
property to a major retailer.
LaForge
is confident the 4-year-old project will proceed quickly. "I believe
the DEP will look favorably on our findings," he said.
Reach
Jerry Barca at (973) 569-7153 or barca@northjersey.com.
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