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New developer, new plans
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Santa Monica-based company announces development deal for Whittaker-Bermite site
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Senior Investigative Reporter for The Signal
As the cleanup of close to 1,000 acres of contaminated soil and water at Whittaker-Bermite comes to a close, and while lawyers in bankruptcy court hundreds of miles from the site slice through litigation so that one day stores or homes can be built there, the land itself is reverting to the way it was long before the dynamite makers made a mess of it, where the deer if not the antelope and other critters play, marking a robust return of wildlife.
“We’ve had deer making regular visits and, in fact, all kinds of wildlife at the site,” said Hassan Amini, project manager with the cleanup firm Amec Foster Wheeler, who earlier this year proudly informed state officials that soil remediation was complete and the cleanup of groundwater ongoing to the tune of hundreds of thousands of gallons of treated water being discharged back into the Santa Clara River.
Santa Clarita LLC, which owns the undeveloped 900-plus-acre Whittaker-Bermite site, recently filed for voluntary bankruptcy, and is working to sell it to a global industrial real estate company for possible commercial and residential development, officials said Wednesday.
In November, Santa Clarita LLC filed for Chapter 11 bankruptcy, listing assets of up to $1 billion and debts ranging from $100 million to $500 million, a move that was designed to sell the property to Prologis Inc. and help Santa Clarita LLC pay its creditors, according to Christopher Bayley, an attorney representing the company.
“What would end up happening is that … when the (offer) closes, the money would then, from the sale, go to Santa Clarita LLC and it would be able to pay all of its creditors in full and pay everybody off that has allowed claims under the bankruptcy code,” said Bayley.