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 Post subject: Wednesday of What Month?
PostPosted: Fri Dec 28, 2007 7:18 am 
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Joined: Tue Nov 28, 2006 3:10 pm
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Location: Lake County
Sheraton Hotel cleanup halted until loan clears
December 22, 2007
By Jon Seidel Post-Tribune staff writer
GARY -- The environmental cleansing of the former Sheraton Hotel has been delayed because of technicalities with the federal loan funding the work.
Phillip Kupritz, lead architect for the New Gary Development Group, said Friday that he and other investors in the project thought the paperwork was finished when the cleanup began.
Not only was there more to fill out, Kupritz said, but the U.S. Environmental Protection Agency requires that work not begin until the loan is approved.
"We halted the environmental cleanup because of the loan agreement not having been signed," Kupritz said.
New Gary Development Group is a team of Illinois-based investors that wants to convert the former hotel building downtown for mixed-use, including retail space and senior housing.
The team hired J&K Environmental Inc., an East Chicago firm, to clean asbestos out of the building. VAM Laboratories was hired to oversee the work. J&K began its work in late November, but Kupritz said the cleanup was halted within days.
New Gary Development Group is relying on a $735,000 federal cleanup loan to fund the work. The money is held by the city, but the EPA must give its approval before it is disbursed.
The Gary-East Chicago-Hammond Empowerment Zone will administer the loan.
Kupritz said Friday he is confident the loan will be approved by the EPA on Wednesday.
"We've been in constant conversation with the EPA," Kupritz said.

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