Known locally as Mirant or GenOn, the coal-fired plant began operations in 1949 to provide power to Washington, D.C. In recent years, residents of the area united to protest the contamination of the air emitted by the plant and successfully forced the facility to cease operations. "We approach every redevelopment opportunity in a way that is sustainable for the environment, sustainable for the community, and sustainable for jobs," Perez added. "Alexandria will be no exception." Hilco said it expects to work closely with the City of Alexandria, community members and other stakeholders in the coming months to reimagine the site into a mixed-use development that benefits the community. "Every opportunity to transform sites like these into new spaces that better serve the community is exciting for our firm," said Hilco Global Founder and CEO Jeffrey Hecktman. "Given its location in historic Old Town Alexandria and within sight of the Washington Monument and our nation's Capital, this one is special.