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Tuesday, March 17, 2009

Old Coca-Cola Syrup Plant Gets Sweet New Deal

Posted By on Tue, Mar 17, 2009 at 2:34 PM

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  • SLPD
An old South City structure on the National Register of Historic Places just got a little federal love. The company in possession of the Coca-Cola Syrup Plant has snagged $1.2 million in remediation tax credits through the Brownfield Redevelopment Program, according to a state press release.

The building has asbestos and lead-based paint in it, which is what makes it a "Brownfield." Brownfield is an EPA program that offers incentives to clean up joints like the old plant, which, in theory, kills two birds with one stone: developers don't clamor as much for unused land, and the environment improves at the same time.

The building sits at 8125 Michigan, where the neighborhoods of Carondelet and The Patch meet. It was built between 1919 and 1939. Roger Maserang, historian at the State Historic Preservation Office, said that the plant landed a spot on the National Register of Historic Places last April.

Right now, it's about two-thirds empty, with the rest being used for storage. Redevelopment plans call for turning the structure into a mixed-use development of ground floor commercial space and condominium units.

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