Who would want to live on the shores of a Superfund site? Maybe the better question is, who would want to own a place on one?
Toll Brothers killed their plan to build a new housing complex on the Gowanus Canal two years ago when the U.S. Enviornmental Protection Agency decreed the canal was toxic, despite protests and counter-proposals from the Bloomberg administration. That is why the news earlier this month that the Lighthouse Group was going to develop the site was so surprising. But part of the developer’s secret appears to be hundreds more units and renting them rather than selling them. Read More