It was once a dumping ground for toxic incinerator ash. And now it’s for sale.
For 56 years, Hollywood has been the owner of the sprawling 30.5-acre parcel that housed an incinerator from 1958 to 1973.
The long contaminated site — once known as the Hollywood Incinerator Ash Dump — could be transformed into a top-notch industrial zone or a bustling neighborhood with hundreds of apartments surrounded by shops and restaurants.
It all depends on who buys the land.
Commissioners are holding a special meeting at 2 p.m. Wednesday to rank three developers who want to build on the parcel.
“This is the start of who to go to the dance with,” Mayor Josh Levy said. “I hope we find a partner that will give us a great result on the property.”
Whoever develops the site will need to clean it up first, a job that could cost anywhere from $5 million to $10 million.
But that doesn’t mean the city is going to agree to a land giveaway, Levy says.
Levy argues the land is worth $13.3 million minus the cost of cleanup and he’s adamant that developers pay fair market price.
In December, four builders responded to requests from the city for ideas on what they would do with the property. Two proposed a mix of apartments and shops and two proposed an industrial complex.