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MassDevelopment In The News
$7 Million Bond Awarded to Build Stoughton Waste-Handling Station
March 20, 2007: The Enterprise, by Allan Stein
STOUGHTON — Stoughton Recycling Technologies will receive $7.1 million in a tax-exempt bond to build a waste-handling station on Page Street.
MassDevelopment, the state's finance and development authority, announced the financial package last week.
Stoughton Recycling Technologies will use the money to build and equip a 42,000-square-foot construction and demolition debris recycling station on a 5.1-acre parcel at 100 Page St.
Construction is pegged at $1.3 million, according to town records.
When in full operation, the station will process 800 tons of recyclable materials each day. Recycled products, such as steel, concrete, glass, brick, wood, asphalt and gypsum, will then be returned to the market.
The center is slated to open in April with 21 new jobs. The developer is Conroy Development Corp. in Stoughton.
"This project demonstrates that environmental preservation and economic development can go hand in hand," said MassDevelopment President Robert L. Culver.
Culver said the recycling center will create employment, transform waste materials into marketable products and help divert waste from the state's over burdened landfills.
According to MassDevelopment, nearly 5 million tons of waste created each year from building projects is burned and dumped at landfills. Nearly 40 percent is recycled.
The Stoughton facility will help developers meet new state environmental guidelines that prohibit disposal of building and demolition materials at landfills.
"By recycling construction and demolition materials into marketable products, we can reduce the use of landfills and preserve the nation's natural resources while saving money and spurring economic development," said Stoughton Recycling Technologies spokesman Gregory Carey.
From 2004 to 2006, MassDevelopment financed nearly 600 projects with investments of more than $4 billion in the state's economy.
These investments created more than 23,000 jobs, more than half of them permanent.
© Copyright 2007 The Enterprise.
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