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What Can Be Done?. THE US CONFERENCE OF MAYORS SURVEY FINDS….. …of the 153 cities that already have redeveloped brownfield sites… that redevelopment brought.

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Presentation on theme: "What Can Be Done?. THE US CONFERENCE OF MAYORS SURVEY FINDS….. …of the 153 cities that already have redeveloped brownfield sites… that redevelopment brought."— Presentation transcript:

1 What Can Be Done?

2 THE US CONFERENCE OF MAYORS SURVEY FINDS….. …of the 153 cities that already have redeveloped brownfield sites… that redevelopment brought in $90 million in revenue and created more than 83,000 jobs….. …of the 153 cities that already have redeveloped brownfield sites… that redevelopment brought in $90 million in revenue and created more than 83,000 jobs…..

3 WHAT IS THE POTENTIAL FOR FUTURE BROWNFIELDS? ….of the 205 cities that are waiting to develop Brownfield sites, 148 claim that 576,373 new jobs would be created and as much as $1.9 billion in revenue would be generated annually…….. Is your city one of these 205??

4 Uptown Bistro, Frisco

5 Does It Make Economic Sense? Small Town, Big Benefits City Tax Revenues (property & sales)$18,000 annual increase County Tax Revenues (property & sales)$23,100 annual increase School District Tax Revenue$1,900 annual increase Employment8 new jobs Average Annual Wage$1,200 increase Construction Spending$250,000 New Investment in Business Equipment$80,000 $374, new jobs Source: Development Research Partners, 1999

6 Redeveloping Environmentally Challenged Parcels: The Process Phase I: Historical Record Research Phase I: Historical Record Research Phase II: Assessment (How Bad Is It?) Phase II: Assessment (How Bad Is It?) Cleanup Plan: Regulatory Review Cleanup Plan: Regulatory Review Perform Cleanup: $$ Perform Cleanup: $$ Redevelopment Redevelopment

7 How is it done? Voluntary Cleanup & Brownfields Voluntary Cleanup Program (State) provides the framework for brownfields cleanups Voluntary Cleanup Program (State) provides the framework for brownfields cleanups Brownfields is a Federal Grant Program to Cities which is tasked with meeting State standards Brownfields is a Federal Grant Program to Cities which is tasked with meeting State standards

8 Any Gaps on Your Main Street?

9 Do Your Gaps Look Like This?

10 What Assistance is Available for Redeveloping Brownfield Sites? Brownfields Tax Incentives - Federal & State Brownfields Site Assessments - Federal & State Cleanup Funds - Revolving Loan Fund - State and Federal Grants $$$$

11 Brownfield Site Assessments Municipal Or Non-Profit Sites Municipal Or Non-Profit Sites Public Benefit? Public Benefit? Commitment to Redevelop? Commitment to Redevelop? ??

12 Alamosa Power Plant Private owner, City of Alamosa requested a TBA to eliminate eyesore of this site and put back on tax role Private owner, City of Alamosa requested a TBA to eliminate eyesore of this site and put back on tax role CDPHE installed and sampled 7 new groundwater wells, 4 existing wells, and 9 soil samples for full suite organic and inorganic contamination CDPHE installed and sampled 7 new groundwater wells, 4 existing wells, and 9 soil samples for full suite organic and inorganic contamination

13 Fruita Industrial Park Location of former Gary Oil refinery Location of former Gary Oil refinery CDPHE conducted 2 TBA at Fruita Industrial Park CDPHE conducted 2 TBA at Fruita Industrial Park CDPHE contracted with mobile laboratory to acquire real time results using Triad Approach CDPHE contracted with mobile laboratory to acquire real time results using Triad Approach Installation of over 20 monitoring wells and 280 soil samples for VOC’s, SVOC’s and organic contamination Installation of over 20 monitoring wells and 280 soil samples for VOC’s, SVOC’s and organic contamination

14 Durango Power Plant Building on National Register of Historic Places Building on National Register of Historic Places City of Durango is partnering with Durango Children's Museum for a new Children's Museum City of Durango is partnering with Durango Children's Museum for a new Children's Museum

15 Colorado’s Voluntary Cleanup & Redevelopment Act (1994) * 45 Day Review Period * $2000 Application Fee * MOA with EPA * Risk-Based Cleanups * Application Types –Cleanup Plan –No Action Determination 325 Sites have been through the program

16 Cinderella City, Englewood

17 General Iron Works Site, Englewood

18 Colorado Brownfields Revolving Loan Fund Low/No Interest Loans Low/No Interest Loans Administered By CHFA Administered By CHFA Flexible Repayment Schedule Flexible Repayment Schedule Flexible Collateral Requirements Flexible Collateral Requirements Available Statewide (public/private) Available Statewide (public/private)

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20 A New Partner: The Non-Profit Sector Role: Intermediary between government and the private sector Role: Intermediary between government and the private sector Who will take title? Who will take title? Brownfields Role Brownfields Role

21 A Brownfield Redevelopment Model 1. Town/Non Profit Acquires Option on Property 2. CDPHE Performs Site Assessment 3. Town/Non Profit Exercises Option 4. Acquire Cleanup $ (RLF, State grant) 5. Sell Parcel for Redevelopment

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23 “From Brownfields To Greenbacks: A Smart Growth Approach” A collaborative partnership between the Office of Smart Growth (DOLA) and the Department of Public Health and Environment

24  Integrating brownfields with economic development  Identifying barriers to redevelopment of environmentally- challenged sites  Identifying additional resources for redevelopment Objectives

25 Contact Information Mark Walker


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