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CDFA Brownfields Finance Update - March 1, 2022

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Brownfields Financing Update
March 1, 2022
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Brownfields Finance Update

Features

Norton Healthcare Plans $70M Hospital at Goodwill Industries' Louisville, KY Campus
Norton Healthcare unveiled plans for a $70 million hospital in the Parkland neighborhood, the first new medical center for Louisville's West End in decades. The investment will transform a 20-acre brownfield site into an Opportunity Campus that will house Goodwill's headquarters operation, a collection of local social service agencies, and a $70 million hospital operated by Norton Healthcare.

Michigan Spending $37M on EV and Other Subsidies
The Michigan International Technology Center Redevelopment Authority (MITC) plans to construct a 65,952-square-foot commercial flex space development in the townships of Plymouth and Northville at the site of the former Detroit House of Corrections. The MSF approved a $15.6 million in state tax capture to alleviate site brownfield conditions, making it suitable for redevelopment.

A Chicago, IL Neighborhood is Redefining Toxicity in Pursuit of Environmental Justice
Since 2000, toxic tours in the Chicago neighborhood of Little Village have evolved from talking about pollution, to now include systemic racism, policing, and mass incarceration. These tours highlight transformed brownfield and superfund sites, highlighting sites turned into recreational spaces that serve the community.

Great Lakes Restoration Receives $1B for Cleanup
$1 billion for the federal Great Lakes restoration program from the bipartisan infrastructure bill will speed the cleanup of nine damaged areas in Michigan to completion by 2030. The Michigan areas to be cleaned up, including the Detroit, Rouge, and St. Clair rivers and River Raisin, are among 25 in the lakes region designated as "areas of concern" by the Environmental Protection Agency due to damage caused by industrial pollution, development, and agriculture runoff.

EPA Seeks More Collaboration on Redeveloping Brownfields
EPA Administrator Michael Regan laid out a vision of close collaboration with local governments on brownfield redevelopment, stressing that the agency will lean heavily on states, cities, and tribes to identify areas needing cleanup and to decide how best to return them to productive use. Regan also said the EPA will "significantly expand" its technical assistance to communities, targeting those that haven't gotten funding in the past.

Brownfield Cleanup and Redevelopment Tools to Improve New Jersey Communities
The Murphy Administration is making it easier to identify once contaminated and blighted properties that present unique opportunities for economic development and environmental improvement. The Geographic Information System (GIS) mapping application has been enhanced, creating a Brownfields Inventory mapping layer that makes valuable information about brownfields sites easily accessible, helping identify brownfields with redevelopment potential.

RecycleForce Gets Federal Money to Train More Formerly Incarcerated for Environmental Jobs in Indiana
The U.S. Environmental Protection Agency announced this month that 19 organizations across the country were selected to receive a total of $3.8 million, and RecycleForce is the only recipient in Indiana. The funding is part of EPA's Brownfields job training grants, which offer residents of historically polluted and neglected communities an opportunity to gain skills and certifications needed to secure environmental work in their communities.

Grant to the Alaska Forum, Inc. Will Help Alaskans Build Environmental Careers
The Alaska Forum, Inc. will receive $200,000 in Brownfields grant funding from the U.S. Environmental Protection Agency to train and place students in environmental jobs. The Bipartisan Infrastructure Law presents a once-in-a-generation opportunity to build a better America and that means new, good-paying jobs. The Brownfields Job Training grants will prepare over 1,000 individuals for new environmental jobs.

Upcoming Events
Intro Revolving Loan Fund WebCourse

CDFA Federal Financing Webinar Series: Capacity Building Programs from EDA and NIST
Tuesday, March 1, 2022 - 2:00 PM - 3:30 PM Eastern
This session of the Federal Financing Webinar Series will highlight the resources available at the Department of Commerce to support projects in communities of all sizes. Learning about these programs can help fund projects in your community such as investing in physical infrastructure, developing new small business access to capital tools, building scalable startups, and creating and retaining manufacturing jobs.

CDFA // BNY Mellon Development Finance Webcast Series: Capitalization Strategies & Funding from the American Rescue Plan
Tuesday, March 15, 2022 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we will discuss capitalization strategies that communities can use to leverage federal funding to drive long-term private investment.

CDFA Brownfields Technical Assistance Program


Brownfields Financing Headlines

New Coalition Looks to Transform West Virginia's Economy
Herald-Dispatch | Feb. 25 | Brownfield Financing | Innovation Finance | Local Finance Program | Redevelopment | Urban Development

Grand Ronde, Stantec to Partner on Assessment, Remediation at Former Blue Heron Site in Oregon City, OR
Oregon Business | Feb. 24 | Access to Capital | Brownfield Financing | Community Development | Redevelopment | U.S. Environmental Protection Agency (EPA)

Berrien County, MI Approves Brownfield Plan for New Restaurant
The Herald-Palladium | Feb. 24 | Brownfield Financing | Economic Development | Redevelopment

State Incentivizes Redevelopment of Former Northville/Plymouth, MI Prison
The Detroit News | Feb. 22 | Brownfield Financing | Community Development | Redevelopment

What Are Brownfields in New York State?
New York League of Conservation Voters | Feb. 21 | Brownfield Financing | Economic Development | Redevelopment | State Finance Program | Urban Development

State Declares Rome, NY Erie Boulevard Area a Brownfield Opportunity Area
Observer-Dispatch | Feb. 18 | Brownfield Financing | Economic Development | Redevelopment

Brownfield Site to Be Redeveloped Into Outdoor Fitness Court in Traverse City, MI
Up North Live | Feb. 17 | Brownfield Financing | Community Development | Redevelopment

Wichita, KS Tags Up to $7.8M to Help Redevelop Toxic Former Refinery Site
The Wichita Eagle | Feb. 16 | Brownfield Financing | Infrastructure Finance | Redevelopment | Tax Increment Finance (TIF)

State Declares Albany, NY Sheridan Hollow a Brownfield Opportunity Area
Times Union | Feb. 15 | Brownfield Financing | Economic Development | Redevelopment | State Finance Program

Greensboro, NC Council Welcomes Lidl to Neighborhood, but May Take a While to Open
Greensboro News and Record | Feb. 15 | Brownfield Financing | Economic Development | Food Systems Finance | Redevelopment

Beer Garden Brownfield Plan Gets Marquette, MI City Commission Approval
Upper Michigan Source | Feb. 14 | Brownfield Financing | Economic Development | Redevelopment

Betting on Brownfields in Denver, CO
Denver Business Journal | Feb. 11 | Brownfield Financing | Redevelopment | Urban Development

Affordable Apartments in Lakeland, FL Under Construction
The Ledger | Feb. 11 | Brownfield Financing | Housing Finance | Redevelopment

City Wants to Use 14-Acre Former Middletown, OH Site for Future Development
Journal-News | Feb. 3 | Brownfield Financing | Economic Development | Redevelopment | State Finance Program

EPA Announces City of Springfield, MO, Selected for Brownfields Job Training Grant
U.S. EPA | Feb. 2 | Brownfield Financing | Community Development | Federal | Redevelopment | State Finance Program | U.S. Environmental Protection Agency (EPA)



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
info@cdfa.net

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CDFA National Sponsors

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  • Z. The Bond Buyer
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