Land Sales Produce Cleanup Funds and Make Way For New Public High School, Mixed-Use Development and Residential Subdivision

East Helena, MT (April 23, 2019) – The Montana Environmental Trust Group, LLC, as trustee of the Montana Environmental Custodial Trust, recently sold three parcels comprising almost 400 acres at its East Helena Superfund Site (the East Helena Site), generating nearly $3 million in sale proceeds to help pay for additional cleanup activities and paving the way for mixed-use and residential developments as well as a new public high school.

In October 2018, the Montana Environmental Custodial Trust (the Custodial Trust) completed the sale of the 254-acre Lamping Field property to an affiliate of Butte, Montana-based Town Pump, Inc. (Town Pump) for a mixed-use development. The Custodial Trust also closed on the sale of two Dartman Field parcels—35 acres in November 2018 to the East Helena Public Schools (EHPS) for a new high school, and 100 acres in December 2018 to Billings, Montana-based Oakland Companies for a 319-unit, single-family residential development.

Anna Novikova