redevelopment News

Superstorm Sandy Legacy: Recovery Far from Equal on New York Shore

NEW YORK (AP) — Even before Superstorm Sandy’s floodwaters surged over New York City’s Rockaway Peninsula, there was an air of decay in Edgemere, a far-flung seaside neighborhood long pockmarked with boarded-up homes and vacant lots with waist-high weeds. When …

As South Florida Condos Age, More Owners Are Willing to Sell

FORT LAUDERDALE, Fla. (AP)–For some South Florida condo dwellers, that tap on the shoulder could lead to the deal of a lifetime. The tri-county’s white hot real estate market is prompting developers to take stock of the region’s older beach …

Bankruptcy Court Ruling Secures $93M in Additional Coverage for Refinery Owners

The owner of a Philadelphia refinery that was shut down after a June 2019 explosion secured at least $93 million in additional coverage from its insurers after a U.S. Bankruptcy Court judge ruled in favor of the policyholders’ interpretation of …

Contaminated Plant Turned Over to State Environmental Trust

LOS ANGELES — A state environmental trust will take over a battery recycling plant in Southern California to prevent its bankrupt owners from abandoning the heavily contaminated facility, a newspaper reported Saturday. The Department of Toxic Substances Control announced Friday …