Frontier Group of Companies sets plan for redevelopment
The Frontier Group of Companies (FGC), a leading North American real estate and brownfield redevelopment company, has acquired two retired Energy Harbor coal-fired power plants, one in Shippingport, PA, and the second in Ashtabula, OH.
As the new owner of the properties, FGC plans to decommission the plants and remediate any environmental concerns at each site. Terms of the deal were not disclosed.
“While working with Energy Harbor over the past six months, our excitement has grown regarding the repurposing opportunities we foresee for these sites,” David Franjoine, CEO, Frontier Group of Companies, said. “Clearing and cleaning these sites and putting the properties back into their respective real estate markets will sustain the economic renaissance of these regions for years to come.”
Over the coming months, FGC will be conducting land use studies, market analyses, and meetings with community leaders to determine the highest and best use for these attractive locations on the Ohio River and Lake Erie.
The larger site, Shippingport’s Bruce Mansfield Power Plant, was operated by FirstEnergy and was for many years the largest coal plant in Pennsylvania. The site is 35 miles northwest of Pittsburgh and 17 miles from the Pittsburgh International Airport. The 2,490-megawatt former power plant is situated on 660 acres along the Ohio River and is served by CSX Railroad.
The Ashtabula Power Station site, also formerly operated by FirstEnergy, is flanked by Cleveland and Buffalo on I-90. The 256-megawatt former power station is situated on 137 acres on Lake Erie and is also served by CSX Railroad.
Both former coal-fueled power plants are excellent prospective sites for a variety of economic development purposes including petro-chemical, steel, energy, digital currency, and transportation logistics-related companies according to Pat Ford, FGC Business Development Director.
“We consider these former power plants to be a tremendous opportunity for new development and an opportunity to bring back jobs that were lost,” Ford said. “Our plan to repurpose and ready these strategically-located mega-sites is the first step toward returning these properties to economically productive uses.”
ABOUT THE FRONTIER GROUP OF COMPANIES
Founded in 2001, the Frontier Group of Companies brings together strategically aligned businesses with expertise and capabilities in large-scale industrial and commercial facility reuse, repurposing, and redevelopment. The companies of the Frontier Group include industry leading operations for industrial demolition, industrial dismantling, asset recovery, equipment repurposing, industrial clean-up, site remediation, brownfield redevelopment, facility acquisition, real estate development, energy exploration, energy production, and materials recycling.
