Company Wants to Build $300 Million Renewable Energy Park in Charlotte, NC

Date: July 20, 2010

Source: News Room

A Charlotte, NC-based company called Forsite Development, Inc. wants to develop a $300 million "Renewable Energy Industrial Park," or "ReVenture Park" on a redeveloped 667-acre federal superfund site. The first phase of the project would include a 50 megawatt biomass and waste-to-energy plant that would divert some of the 370,000 tons of waste that Mecklenburg County sends to a nearby landfill every year. To this end, the company has already signed a non-binding agreement with the county. The company has not yet decided which technology it will use but insists that it will not be an incinerator. The property, located along the shores of the Catawba River in Charlotte, NC has over 1.4 miles of river frontage and is the largest piece of underutilized heavy industrial property in the region. The project is rather predictably being opposed by the local Sierra Club which accuses the county is moving too fast to embrace the waste incinerator as they are calling it.

Behind the proposal is Charlotte-based Forsite Development, Inc. founded by Tom McKittrick in 2004. McKittrick is a veteran of Indianapolis based Lauth Property Group where In July of 2001, he moved to Charlotte to open Lauth's second regional office and manage all its southeast operations.

To learn more, visit: www.reventurepark.com.

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