Clean-up is estimated to cost $500K

YOUNGSTOWN — It will cost about $500,000 to remove asbestos and other hazardous materials from five properties on and around the proposed Youngstown State University College of Business Administration, according to a city official.

A $97,608 environmental study of the area to be conducted by MS Consultants will determine the exact cost. But Jeffrey Chagnot, the city’s economic development director, said preliminary estimates put that price at $500,000.

There is “substantial contamination” of asbestos at one of the properties, the former Ideal Store Fixtures building on West Wood Street, Chagnot said.