From Coal Plant to Manufacturing Hub: A Pennsylvania Story in the Making - What is a Ground Lease?
The Portland Generating Station in Upper Mount Bethel, Pa., opened in 1958 and operated as a coal-fired power plant until 2015 when the facility’s boilers were shut down under a court agreement with then-owner NRG Energy. The reason? Pollution and environmental concerns. Since then, the plant remained dormant, “as an eyesore on the Delaware River,” according to Lou Pektor, president of River…
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