Quote:
Originally Posted by Nova08
It will be interesting to see the severity of the refinery damage. It's been on borrowed time recently and I imagine it will sit as a complete dead zone for at least 25 years once it closes.
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Recent article suggests the fire could be the final nail in the coffin for the refinery.
https://www.inquirer.com/business/ph...-20190624.html
Honestly I would say 25 years is optimistic. It's entirely cut off from the city by 76 and rail tracks. There actually has been a lot of development in the immediate vacinity in recent years with all those apartment buildings and car centric town house developments they've been building in the area. Have no idea who wants to live there, especially considering they don't seem very cheap, but they must have a market considering they keep building them. But I have to imagine that cheap land factored into their business model. Mitigating the land that has been a refinery for about a century will be anything but cheap.
I would imagine developers will start nibbling at the edges and developing parts of it that aren't as contaminated as others within short order of the refinery closing. But for all of the land that the refinery currently occupies to be developed? I think we're probably looking more toward 50 years than 25 for that. Honestly, a century doesn't sound far fetched.
Not sure if it is cheaper to remediate land for a nature preserve as opposed to development, but if it is, it might be nice to allow some of it to return to wetlands.