Toll Folds, Hudson Holds In Gowanus
The full real estate ramifications of yesterday’s decision by the EPA to place the Gowanus Canal on the Superfund list won’t be known for quite some time, but the threat of a decade or more of lawsuit-riddled remediation was enough to make Toll Brothers, the developer of one of the two mega sites planned along…

The full real estate ramifications of yesterday’s decision by the EPA to place the Gowanus Canal on the Superfund list won’t be known for quite some time, but the threat of a decade or more of lawsuit-riddled remediation was enough to make Toll Brothers, the developer of one of the two mega sites planned along the banks of the contaminated waterway, to announce it was pulling the plug. “We don’t see any possibility of our doing a project there,” said Toll’s David Von Spreckelsen. “We can’t get financing. We can’t get insurance.” Meanwhile, The Hudson Companies, the other developer with big plans for the area, announced it was going to stick it out. We’re in full support of the project, and we’ll work with the E.P.A., said Aaron Koffman, a spokesman for the Hudson Companies. In related news, McBrooklyn has a round-up of who’s happy and who’s sad about the Superfund listing.
Gowanus Canal Gets Superfund Status [NY Times]
Feds Declare Gowanus Canal a Superfund Site [NY Post]
EPA Adds Gowanus Canal to Superfund List [NY Daily News]
Photo by beau-dog
I cant figure out what the fuss is about – it is a choice between two Government sponsored cleanups – One controlled by the City or one controlled by the Feds – history tells us in either case there will be massive delays, funding issues and problems….
Dime or 10 pennies
I just bought and am moving into the area (two blocks from canal) after 10 years in the heights. I am thrilled it is a superfund, I have no trust that the private sector has any interest in cleaning it up for the purpose of protecting citizens and as someone said here, whole foods and toll brothers have not even started anything, they only seemed to take a lead when EPA stepped in, if EPA stepped out (ie not superfund designation) why would they do anything. The anti goverment mentality does nothing to clean up a canal that has been polluted for years as far as I can see.
I doubt retail will close becayse it is a superfund area, and I don’t see people not buying either, on the contrary, the knowledge it is to be cleaned makes it more attractive, and no, I never believed that toll brothers, whole foods and few other developers would clean this. For its many failings I trust the EPA way more.
It is what it is I suppose.
The Canal hasn’t changed for generations. I just don’t see Superfund designation doing anything to change that.
I’m two blocks from the canal and thrilled about the designation. Is the Federal goverment perfect? Obviously not, but I do think that the EPA is much less likely to be influenced by local politics. I’m not anti-development, my last job was for a developer. I am however against over development, which is what the Toll project felt like. Toll Brothers pushed to have the zoning changed and lo and behold a week after the new zoning went into effect, Toll Bros. filed plans to build a building that the zoning was tailor made for. From the outside looking in, it felt very much like insider trading on a political level. Sort of like 360 Smith Street, where even though new zoning went into effect, the owner was able to get an exemption based on the foundation being 75 percent done, even though to my trained eye, and every other professional in the trade that I spoke to, it did not look anywhere near that level of completion on the excavation, much less the foundation work as a whole. I find it hard to believe that the same political shenanigans wouldn’t take place with the canal. So while I don’t think the Feds. are great, I do think they are the best solution in this case.
Last but not least, lets not forget that a large amount of the contamination in the canal settled to the bottom of the canal due to the flushing pump being broken for decades. The same flushing pump that is owned and operated by the city.
This private effeciency vs. public effectiveness debate seems fruitless. It was an unappetizing choice between greedy developers taking shortcuts (2 feet of topsoil replacement!) and a remote public entity filled with pencil-pushing bureaucrats who have no real connection to the project or people who live near it and therefore no sense of urgency to complete it.
As far as I know, the EPA has NO PLAN to clean up the canal. It has NO MONEY to clean up the canal. We’re looking at, best, years of “study” and legal pursuit of long-defunct polluters, plus delayed implementation.
I just despair about the whole thing.
Christopher — I’ll add to what feral says. Its not like this Superfunding came out of nowhere. If there was profit to be made by a private developer (like Toll or Hudson — I know you just held out Toll as a theoretical example, not as an only possibility) doing the cleanup, one would have stepped up to do it. And Ditmas makes a good point too. Whole Foods hasn’t done a thing with their site, and they’ve had it for how long? You’re arguing for a theoretical alternative that no one has come close to offering to make a reality. Perhaps a private entity could do it faster and cheaper, but they won’t, because why would they. Toll had the biggest stake, and they obviously felt that they could build their buildings and make their money without a cleanup, which is why they probably didn’t try to strike a deal to do the cleanup themselves in exchange for tax breaks or subsidies or whatever.
The reality is that if the feds don’t clean the canal, no one will. Putting your philosophical objections to government inefficiency aside, I don’t see how, given the history of the site, you can deny that from a practical standpoint a government run cleanup is the only way it will happen.
> When a private entity is in charge it is in their best
> interest to complete if quickly and effectively.
Look at the fallow Whole Foods site if you need an example of quick and effective private enterprise at work.
I wouldn’t trust Toll or any other developer to do a good and thorough job.
IMBY,
Nice photos.
christopher, the Toll Brothers were considering remediating their tiny plot on one part of the Gowanus, when, of course, a canal cannot be spot-cleaned. They had neither the resources nor the inclination to clean the canal effectively.