The former Dynegy Power Plant that sits along the Berm Highway in East Alton has been sold. The plant closed a little more than three years ago due to what Dynegy officials called “unfair market conditions.” More than 80 jobs at the plant were lost, but it appears there's hope on the horizon.

Commercial Liability Partners announced the purchase of the plant late last week, and will focus on executing plans for demolition and environmental remediation at the site. East Alton Mayor Joe Silkwood tells The Big Z the goal it to re-purpose the site for future redevelopment.

Click here for Silkwood's comments

The Sierra Club's Virginia Woulfe-Beile tells The Big Z the cleanup of the property has been on their radar for some time.

CUT: 7114H RUNS:

Click here for Woulfe-Beile's commentsCUE: flooding inundation

The closure of the Wood River Power Plant was announced in November 2015 and the power station officially ceased operations in June-2016. Silkwood notes that during the cleanup and re-purposing of the site, several jobs will be created.

(Copyright WBGZ Radio / www.AltonDailyNews.com)