Restoration and Redevelopment of the Former Durango Paper Mill ...
Restoration and Redevelopment of the Former Durango Paper Mill ...
Restoration and Redevelopment of the Former Durango Paper Mill ...
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<strong>Restoration</strong> <strong>and</strong> <strong>Redevelopment</strong> <strong>of</strong> <strong>the</strong><strong>Former</strong> <strong>Durango</strong> <strong>Paper</strong> <strong>Mill</strong> Site1
GeneralLocationSt. Mary’s, Georgia3
Aerial View <strong>of</strong> <strong>Durango</strong> Site, St. Mary’s, Georgia, <strong>and</strong> Atlantic Ocean<strong>Durango</strong> <strong>Paper</strong>St. Mary’s4
Historic St. Mary’sThe St. Mary’s Ferry Travels toCumberl<strong>and</strong> Isl<strong>and</strong>5
<strong>Former</strong>ly Known as Gilman <strong>Paper</strong>7
Background• Produced pulp, paper, multi-wall shoppingbags, bleached paperboard, <strong>and</strong> specialtypackaging• 900 employees at one time• Capacity to produce 410,000 tons <strong>of</strong> paperproducts annually• Purchased by <strong>Durango</strong> Corporation in 1999• Ceased operations on October 2002• Idle since that time8
Historical Photo9
<strong>Durango</strong> Site Overview <strong>and</strong> History<strong>Durango</strong>-Georgia BankruptcyL<strong>and</strong>Mar OverviewThe <strong>Durango</strong> <strong>Paper</strong> ChallengeEnvironmental ChallengesL<strong>and</strong>Mar’s VisionConclusion10
• Involuntary Chapter 7bankruptcy--$800 million debt• Bridge Associates appointed asLiquidating Trustee• Sale <strong>of</strong> assets, including plantsite <strong>and</strong> surrounding properties• Auction <strong>of</strong> property <strong>and</strong>equipment on December 6,2005• Widespread interest in property<strong>and</strong> equipment11
Impact on St. Mary’s, Georgia• <strong>Durango</strong> was Camden County’s largest privateemployer for 61 years• 900 mill workers unemployed, 2000 o<strong>the</strong>r jobspossibly impacted12
L<strong>and</strong>Mar Group Wins Bid• L<strong>and</strong>Mar <strong>of</strong>fers <strong>the</strong>winning bid for 725acre site• $36.5 million allcash,payable over3 years with 8%interest• Court approvedsale December 19,200514
Who is L<strong>and</strong>Mar?• Experienced developer <strong>of</strong> communities in CoastalGeorgia <strong>and</strong> Florida• Formed in 1987, <strong>and</strong> in 1999 created strategicalliance with Crescent Resources, LLC• Recently developed Osprey Cove in St. Marys• Currently developing dozens <strong>of</strong> o<strong>the</strong>r projects,including <strong>the</strong> Shipyards project in Jacksonville15
A few <strong>of</strong> our communities16
• 1230 Acres• 972 Homes• Mark McCumberSignature Course• Amenity Center17
<strong>Durango</strong> Site Overview <strong>and</strong> History<strong>Durango</strong>-Georgia BankruptcyL<strong>and</strong>Mar Group OverviewThe <strong>Durango</strong> ChallengeEnvironmental Issues<strong>Redevelopment</strong> PlansConclusion18
The <strong>Durango</strong> ChallengeTo redevelop a former pulp & paper mill intoa successful mixed-use development whilepreserving <strong>the</strong> unique coastal environment19
Site FeaturesWastewaterSurfaceImpoundmentsWood StorkRookeryClarifierL<strong>and</strong>fillsTri-Gen FacilityMain FacilityHistorical RiverDischarges20
Recent Photos <strong>of</strong>Plant21
Views <strong>of</strong> <strong>Durango</strong><strong>Paper</strong> From River<strong>Durango</strong> Oil WharfHistoric Outfall Into River22
Views from <strong>the</strong>St. Mary’s RiverHistorical DischargeRecent23
Equipment at <strong>Durango</strong><strong>Paper</strong>24
Wastewater TreatmentFacilities25
<strong>Durango</strong> Site Overview <strong>and</strong> History<strong>Durango</strong>-Georgia BankrupcyL<strong>and</strong>Mar Group OverviewThe <strong>Durango</strong> ChallengeEnvironmental ChallengesL<strong>and</strong>Mar’s VisionConclusion26
Environmental Challenges• More than 60 years <strong>of</strong> heavy industrial use• Potential soil <strong>and</strong> groundwater impact• On-site l<strong>and</strong>fills• Demolition <strong>of</strong> existing structures• Protection <strong>of</strong> endangered species• Protection <strong>of</strong> fragile coastal ecosystem27
Georgia Voluntary BrownfieldsProgram•Hazardous Site Reuse <strong>and</strong> <strong>Redevelopment</strong> Act•Program allows prospective purchasers performingvoluntary cleanups to obtain limitation <strong>of</strong> liability•Potential property tax incentives for cleanup•Asset Purchase Agreement requires, by April 30, 2006:• No listing on <strong>the</strong> Hazardous Site Inventory• Approval <strong>of</strong> acceptable Corrective Action Plan forremediation <strong>of</strong> property under <strong>the</strong> Brownfieldsprogram28
Environmental Assessment Currently Underway byL<strong>and</strong>Mar Group• Assessment <strong>of</strong> mill’secological impact• Extensive soil, groundwater<strong>and</strong> sediment testing• Evaluation <strong>of</strong> technicaloptions for site clean up• Cooperation with state, local<strong>and</strong> federal <strong>of</strong>ficials29
<strong>Durango</strong> Site Overview <strong>and</strong> History<strong>Durango</strong>-Georgia BankruptcyL<strong>and</strong>Mar Group OverviewThe <strong>Durango</strong> ChallengeEnvironmental ChallengeL<strong>and</strong>Mar’s VisionConclusion30
PreliminaryL<strong>and</strong>Mar’s Vision31
Old Versus <strong>the</strong> New32
L<strong>and</strong>Mar’s Vision33
L<strong>and</strong>Mar’s Developments34
St. Mary’s Homes35
<strong>Redevelopment</strong> Benefits• Improved air quality• Improved water quality• Improved soil quality• Improved l<strong>and</strong>scape• Improved livability• Improved economic vitality• Protection <strong>and</strong> preservation <strong>of</strong>fragile marine ecosystem36
<strong>Durango</strong> Site Overview <strong>and</strong> History<strong>Durango</strong>-Georgia BankrupcyL<strong>and</strong>Mar Group OverviewThe <strong>Durango</strong> ChallengeEnvironmental ChallengesL<strong>and</strong>Mar’s VisionConclusion37
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