By Josh Resnek
Many weeks have passed since the Davis
Companies allegedly pulled out of a multi-billion dollar development of the contaminated 95 acre Exxon Mobil site.
The Davis Companies had been prepared to mitigate the site, and then to build upon it a mountain of residential housing and commercial projects as well as new roads and wide open expanses plush with greenery and places to sit under the sun.
The idea was to take this 95 acre contaminated property and to turn night into day.
Davis Companies was ready to go. Their executives were all set to push the shovels into the land and to begin digging when the deal apparently fell apart.
Several people familiar with the project told the Leader Herald that Davis Companies had underestimated the cost of mitigating the environmental contamination of the property.
“They didn’t realize how deep the pollution had seeped below the giant oil storage tanks that dots the landscape of the property,” a source told the Leader Herald.
About the same time, the mayor announced at a public meeting with an off the cuff comment that the Davis Companies was stepping back in order to gain a better price from Exxon Mobil for the property.Continue reading “NO NEWS IS BETTER THAN BAD”