Developers Plan to Remove Asbestos, Demolish Former Housing Units
In Venice, Florida, developers are planning to demolish the vacant Grove Terrace low-income housing complex this August. Later this fall, the site will become the home of a new housing development known as Venetian Walk, which will contain homes designed for senior citizens as well as other residential homes. The demolition contract was awarded this week by the Venice Housing Authority to Cubacor Inc. of Tampa. Cubacor will charge $179,000 to tear down the Grove Terrace tract.
Demolition will begin next month, starting with asbestos removal. Developers expect that over 4,000 tons of debris, some of which will contain asbestos, will be removed during the project. Asbestos, a known carcinogen, is linked to some serious medical conditions. These include the chronic respiratory disease known as asbestosis, as well as lung cancer and mesothelioma, a rare but aggressive form of cancer.
The new housing development is expected to costs millions of dollars, and where the money for this project will come from is still unclear. Part of the money has been secured, but not all of it. So far, the housing authority has obtained $492,000 to complete demolition and start construction. Some of this money comes from federal stimulus bills, some from the county, and some comes from a Gulf Coast Community Foundation grant.
Still, millions more will be needed, and it may come from federal government Housing and Urban Development funding. Work will be delayed if federal tax credits are not granted. "If we don’t get the tax credits, we’ll have to start over applying for them next year," said housing authority chairman George Barr.
August 22nd, 2009 at 3:03 pm
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