Harbor Beach Development LLC, a subsidiary of Commercial Liability Partners (CLP), announced the purchase of DTE Energy’s retired coal-fired power plant located in Harbor Beach, Michigan.
With the sale of the property complete, St. Louis, Missouri-based CLP will focus its efforts on executing its plan for demolition and remediation of the site with the goal of repurposing the property for future development. The plant was retired for use in 2013.
“Today, DTE transferred ownership of the 85-acre Harbor Beach, Michigan power plant site to Commercial Liability Partners. Funds from the sale will be held in escrow and released gradually, as facility demolition and remediation milestones are achieved,” said Frank Warren, DTE’s senior vice president, Fossil Generation “Harbor Beach was good to DTE for many years. We’ve worked very closely with local officials regarding the sale of this property and we are very pleased that our site will be used for a future development that will benefit the community.”
CLP will address environmental needs of the site, including remediation, groundwater monitoring, abatement, decommissioning and demolition of the facility. In the coming weeks, CLP will meet with local officials and economic development leads in Harbor Beach and Huron County to discuss potential plans for the 85-acre site.
“We are excited about the partnership with DTE Energy and the opportunities available at the Harbor Beach Power Plant site. We look forward to working closely with city officials and community stakeholders as we enter the initial phase of the demolition and remediation portion at the site. Our goal on this project – as it is on every project – is to minimize disturbance to the local community and to maximize the potential for long-term opportunity at the site.”Ron Froh, CEO and president of CLP
Commercial Liability Partners is an industry leader in redeveloping underused, challenged and unique properties. They have a strong track record of working effectively with local and regional economic development professionals to transform closed power plants like Harbor Beach into useful and productive sites. Over the past 5 years, the company has managed cleanup of more than 10 similar properties in Ohio, Pennsylvania, Illinois and West Virginia.
Established in 1968, Harbor Beach Power Plant is a 121 MW coal-fired power station originally owned and operated by DTE Energy near Harbor Beach, Michigan. Up until the time of its closure, Harbor Beach was the smallest and northernmost power plant in the DTE system.
Financial terms of the transaction are not being disclosed.