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CDFA Brownfields Finance Update - September 13, 2016

Brownfields Financing Update
September 13, 2016
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Brownfields Finance Update


Tecumseh, MI Guards Against Brownfield Project Default
The city of Tecumseh is taking steps to protect itself and its taxpayers from the "unlikely" event the redevelopment of the former Tecumseh Products site does not go as planned.

$500K Grant Awarded to Clean Up WI Site for Maritime Center
A Marinette business group has received a $500,000 grant from the Wisconsin Economic Development Corp. to clean up property that will be used to assist the shipbuilding industry.

Martinsville Set to Examine Brownfield Sites
Martinsville, VA has started assessing several local business sites to see if they have environmental contamination that must be cleaned up before they possibly can be redeveloped and the city can generate more tax revenue from them.

Strategic TIF Structuring for Brownfield Redevelopment - Listen & Learn
Learn how to structure a TIF that eases the financial pressure on your brownfield project and how communities can blend the use of TIF with other financing tools to help bring your brownfields back into productive use.

LA Brownfields Program Seeks to Rejuvenate Properties
Local officials and business representatives from across northeastern Louisiana gained insight into a program designed to rehabilitate abandoned or unused properties.

Cleaning Up Brownfields and Getting to "No Further Action" in All 50 States
This report from the US EPA is meant to be a guide for owners of brownfields properties on the general requirements for entering a brownfield into a state cleanup program and the process for attaining a state decision or certification of the need for "no further action" under each state response program.

CA Governor Signs SB 820 to Clean Up Hazardous Waste Sites
Gov. Jerry Brown signed legislation by Sen. Bob Hertzberg, D-Van Nuys, that extends the California Land Reuse & Revitalization Act, a vital legal tool enacted in 2004 that has helped propel the cleanup and development of vacant hazardous waste sites across the state.

Research Shows Cleaning Brownfields Increases Nearby Property Values
A study carried out by a Western Reserve Port Authority intern shows property values increased 18 percent in five years around former Mahoning County, Ohio brownfield sites that were cleaned. And it shows property values adjacent to brownfield sites that had not been cleaned were 66 percent lower than properties one mile away.

$18.5M Bond Sale Funds Brownfield Cleanup and More in Western PA
The Jeannette Glass site and Westmoreland Manor will benefit from $18.5 million the Westmoreland County commissioners agreed to borrow.

Upcoming Events

CDFA's 30th National Development Finance Summit
November 2-4, 2016 - New Orleans, LA
Join CDFA in New Orleans, Louisiana for the 2016 National Development Finance Summit! Hosted by the Louisiana Public Facilities Authority (LPFA), the CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.

CDFA Brownfields Technical Assistance Program

Brownfields Financing Headlines

La-Z-Boy to Anchor New Brownfield Development in Taylor
The News-Herald | Sep. 14 | Brownfield Financing

Cleanup to Begin at Brownfield Site in Anderson
Frankly Media | Sep. 14 | Brownfield Financing

Environmental Testing of Cedar Lake a Go
The Gazette | Sep. 14 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Portsmouth Plans for New Water Plant
Civitas Media | Sep. 14 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Studying Adjacent Property Values Before and After Brownfield Cleanup
Annex-Newcom | Sep. 9 | Brownfield Financing

Park Board Forwards Proposal to Proclaim Riverfront Park a ‘Brownfield'
The Spokesman-Review | Sep. 9 | Brownfield Financing

Environmental Cleanup at Ypsilanti Trail Gets $200,000 Boost
Frankly Media | Sep. 7 | Brownfield Financing

Olean, NY DEC Seeks Further Brownfield Cleanup For Solar Project
Olean Times Herald | Sep. 7 | Brownfield Financing

Board Wants Riverfront Park Designated a Brownfield to Help with Cleanup Costs
The Spokesman-Review | Sep. 7 | Brownfield Financing

Ogdensburg's Brownfield Designation Presents Economic Development Opportunities
North Country This Week | Sep. 2 | Brownfield Financing

Sharonville to Buy Former Brownfield Site
Cincinnati.com | Sep. 2 | Brownfield Financing

Prime Tanning Brownfield Demolition Starting Soon
GateHouse Media | Sep. 2 | Brownfield Financing | Revolving Loan Funds (RLFs)

Time Running out on Former Steel Mill Building
SaukValley.com | Aug. 31 | Brownfield Financing | Revolving Loan Funds (RLFs)

City to Get Kuhn Property Through Eminent Domain
The Vicksburg Post | Aug. 31 | Brownfield Financing

Brownfield Redevelopment Authority Could Help Fund St. Clair Inn Project
Digital First Media | Aug. 31 | Brownfield Financing

Ogdensburg, NY Designated as Brownfield Opportunity Area
North Country Now | Aug. 26 | Brownfield Financing | Tax Credits

$90.5M Trico Redevelopment Project Gets $3.6M in Tax Breaks
The Buffalo News | Aug. 25 | Brownfield Financing | Incentives | Redevelopment | Tax Credits

Section of Amsterdam, NY to Receive State Grants, Tax Credits for Brownfields
The Daily Gazette | Aug. 24 | Brownfield Financing | Tax Credits

The Council of Development Finance Agencies (CDFA) is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information, visit www.CDFA.net or email info@cdfa.net.

Disclaimer: This publication was developed under Assistance Agreement No. TR-83576801-0 awarded by the U.S. Environmental Protection Agency. It has not been formally reviewed by EPA. The views expressed in this document are solely those of Council of Development Finance Agencies and EPA does not endorse any products or commercial services mentioned in this publication. 

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300

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