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CDFA Brownfields Finance Update - September 4, 2018

Brownfields Financing Update
September 4, 2018
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Brownfields Finance Update


How Fresno, CA Fought for $70M in Cleanup Funds - and Won
Southwest Fresno has California's worst air quality and greatest concentration of disadvantaged neighborhoods. The inspiring story of residents who mobilized to claim the state funds to redress these ills.

New Opportunity: City Hopes Incentives Can Spur Area's Redevelopment
City officials in Bowling Green hope that a new program can pave the way for the revitalization of former industrial census tract.

State of MI to Invest $7.9M in Downtown Flint, MI Hotel
The $37.9M project will renovate the 11-story abandoned bank into a hotel and demolish two blighted buildings to turn into Buckham Square, a green space for food trucks to operate. The state approved the developer's request for an MCRP Other Economic Assistance Performance-Based Equity Investment. The award is structured as an equity investment to allow financial flexibility.

NY Creates Tool Kit for Solar Development on Brownfields & Landfills
The New York State Energy Research and Development Authority released a new tool kit to provide guidance and resources for communities seeking to develop solar projects on underutilized properties such as landfills and brownfields.

TIF Zone Approved for Electric Works Area
The Fort Wayne Redevelopment Commission on Monday approved the creation of a new tax increment financing district for the area encompassing the $220M Electric Works redevelopment project.

Upcoming Events
CDFA National Development Finance Summit

Intro Brownfields Finance WebCourse
September 26-27, 2018 - Daily: 12:00 - 5:00 pm Eastern
During this course, attendees will walk through the entire brownfields redevelopment process from understanding the basics of brownfields and legal and regulatory challenges to unearthing the myriad financing tools available to both clean-up and build-up these contaminated or polluted sites.

CDFA Brownfields Technical Assistance Program

CDFA Provides Financing Strategies for Future Wharf in St. Mary's, GA
The Roadmap Report provides financing strategies for the future Wharf St. Mary's, a redevelopment of the former Gilman Paper Mill. Suggestions are intended to facilitate the development of a mixed-use wharf, including dry dock storage, a boatyard, docking facilities and boat repair facilities, along with commercial and residential components.

Brownfields Financing Headlines

Brownfield Restoration Project Eyed for Lycoming County
Sun-Gazette | Sep. 4 | Brownfield Financing

MI Business Groups Back Fee Hikes for Cleanup and Infrastructure
WILX | Aug. 31 | Brownfield Financing | Infrastructure Finance

Why You Should Invest in Brownfields
Brandeis University | Aug. 31 | Brownfield Financing

New Development on Downtown Lansing, MI Brownfield to Include a Grocery Store
Lansing State Journal | Aug. 30 | Brownfield Financing | Urban Development

Congressman Turner Touts Advances In Downtown Revitalization Through Funding
WYSO | Aug. 29 | Brownfield Financing

Another Platform Development: 304 Apartments, Grocery in New Center
Crain's Detroit Business | Aug. 24 | Brownfield Financing

Mt Pleasant approves Economic Redevelopment Action Plan
Morning Sun | Aug. 24 | Brownfield Financing

Council Approves Greenway Along Old St. Mary's Hospital
News Tribune | Aug. 22 | Brownfield Financing | Tax Increment Finance (TIF)

Middletown Mall Redevelopment Large Part of Proposed TIF District
WV News | Aug. 22 | Brownfield Financing | Tax Increment Finance (TIF)

Impact of Closed Firestone Plant Still Felt in North Memphis
The Memphis Daily News | Aug. 18 | Brownfield Financing

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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