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Home / Today's News / Madison has plan for Royster-Clark site, but plant attracts no interest (2:11 p.m. 8/24/09)

Madison has plan for Royster-Clark site, but plant attracts no interest (2:11 p.m. 8/24/09)

Paul Snyder

paul.snyder@dailyreporter.com

Madison planners are pushing a development plan through city approvals for the eventual redevelopment of the Royster-Clark site with little indication anyone will redevelop the plant.

Alderman Larry Palm said Canada-based Agrium Inc., which owns the plant and the surrounding 26-acre site, has a prospective buyer investigating the property, but declined to provide details.

Agrium spokesman Paul Poister declined to comment on any negotiations, but said the company is optimistic it can find a buyer.

The plant, which once produced fertilizer, closed in 2006.

The city’s redevelopment plan, which the Madison Long Range Transportation Planning Committee approved Thursday, calls for a mixture of commercial, retail and residential development.

But Tom Sather, president of Silverstone Partners Inc., a Middleton-based real estate firm, said even in good economic times, the site could take years to redevelop.

In addition to a weak market, the site needs extensive demolition and soil remediation work and contains a storm pond that needs environmental review.

In 2007, Sather and Michael Hershberger, president of Madison-based Urban Solutions Inc., teamed up to lead redevelopment of the site. They canceled their plans last year because of the weak economy.

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