Authority outlines next steps: due diligence, entitlements, PJM and potential regulatory changes
Hall told supervisors the purchaser is in due diligence, earnest‑money and closing dates are on a months‑long timeline, and approvals such as PJM interconnection and possible state regulatory proposals could affect timing and feasibility.
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Hall told the board the purchaser is in a due‑diligence phase that will evaluate site viability, utilities and technical environmental questions; he said an earnest‑money milestone appears on charts as an October date and again cited March as a due‑diligence end point (year not specified). "The due diligence period will involve an evaluation of fiscal attributes of the site. It'll also involve an evaluation of the utilities, their capacities, the cost to serve," Hall said.
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