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Redding officials have received the title to the former Gilbert and Bennett Wire Mill property in the Georgetown section of town.  Redding was locked in a multi-year olegal battle over millions of dollars in unpaid taxes and stalled development at the brownfield site.  The title was transferred to Redding last month.  First Selectwoman Julia Pemberton has already applied to the state’s Municipal Brownfield Liability Protection Program and has been accepted, protecting the town from liability for the cleanup of the contaminated property.   Redding could apply for an assessment grant to determine the scope of the clean up.  The current remediation plan dates back to 2005.  A $14.5 million general obligation bond issued by the Georgetown Special Taxing District remains in place.  Redding is not obligated to repay that debt because of the foreclosure, but Pemberton says that complicates any transfer of the property to a for-profit developer.

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Todd Schnitt
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