BROOKLYN - A plan is in place for the much-needed cleanup of the Gowanus Canal.

The Environmental Protection Agency announced a $506 million comprehensive cleanup plan to remove much of the toxins and waste that plague the canal.

After more than four years of meetings between the EPA and community members, the EPA has announced that it will dispose of 600,000 cubic yards of contaminated sediment at the bottom of the canal. The agency will also place retention tanks at the bottom of the canal to reduce the majority of combined sewer overflow.

Federal, city and private companies will collaborate on the cleanup. The EPA says it will create hundreds of jobs.

The EPA says the cleanup will take eight to 10 years.