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Brownfields Financing Update
November 1, 2016
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Brownfields Finance Update

Features

City Foundry Project to Include High-Rise Offices and Apartments
The planned $340 million redevelopment of the Federal-Mogul foundry in midtown St. Louis as a trendy food hall, high-rise apartments, and offices includes TIF, historic tax credits, and state brownfields tax credits.

20-Acre Brownfield to be Redeveloped in Reading PA
Commercial Development Co. Inc., a leading real estate and brownfield redevelopment company based in St. Louis, bought the property formerly owned by ICI Paints on Bern Street in order to repurpose it for new development.

Bills Would Streamline Brownfield Redevelopment
Six bills intended to streamline Michigan brownfield redevelopment laws are headed to the state House of Representatives. The bills propose a number of changes that aim to make state laws governing brownfield redevelopment authorities more consistent across the board.

Ports of Indiana Identifies Former Coal Plant for Potential Port
The Ports of Indiana announced today that Indiana Michigan Power has agreed to sell its recently retired Tanners Creek coal plant in Lawrenceburg, Indiana to a brownfield redevelopment company that is working with the Ports of Indiana to evaluate the site for use as the state's fourth port.

Minnesota Brownfields: A Resource Guide
This resource guide assists Minnesota stakeholders in undertaking brownfield redevelopment by providing a concise overview of some potentially useful local, state, and federal assistance programs, their eligibility requirements, and contact information for learning more about each.

$14M Multi-Use Project Still Faces Hurdles in Lewiston, NY
A  mixed-use project slated to be built in the heart of the village of Lewiston still has a few hoops to jump through before it's approved. The project applied for a Brownfield Designation from the Department of Environmental Conservation. If granted, the project would be eligible for tax breaks.

CDFA Releases Report for the Eagle Mill Redevelopment Project in Lee, MA
CDFA is excited to release the Roadmap to Redevelopment report prepared for the Eagle Mill Redevelopment Project in Lee, MA. Project Response Team site visits are available through CDFA's Brownfields Technical Assistance Program, funded by the U.S. EPA

Upcoming Events

CDFA Online Brownfields Project Marketplace
December 06, 2016 - 12:00 - 5:00 pm Eastern
CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us online on December 6, to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.

Intro Brownfields Finance WebCourse
CDFA Brownfields Technical Assistance Program


Brownfields Financing Headlines

EPA Announces $5.5M Settlement for Cleanup of Superfund Site in Raleigh
EPA.gov | Oct. 7 | Brownfield Financing

Cedar Rapids Projects Receive $2.6M in Tax Credits
The Gazette | Oct. 24 | Brownfield Financing | Tax Credits

Net-Zero Affordable Housing Opens in Vermont
Hanley Wood Media | Oct. 24 | Brownfield Financing | Tax Credits

EDA Makes $2.5M Investment in MI Brownfields
Kettering University | Oct. 20 | Brownfield Financing | U.S. Economic Development Administration (EDA)

City of Royal Oak Approves Brownfield Tax Incentives
Scripps Media | Oct. 19 | Brownfield Financing

National Grid Invests in Olean Gateway
Olean Times Herald | Oct. 19 | Brownfield Financing | Infrastructure Finance

Apply for EPA Brownfields Grant Funding
EPA.gov | Oct. 19 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Brownfields Fewer as Fairfield Cleans up for Redevelopment
Westfair Business Publications | Oct. 19 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Brownfield Redevelopment an Investment in Genesee County's Future
Grand Blanc View | Oct. 19 | Brownfield Financing | U.S. Economic Development Administration (EDA)

$5M KY Grant for Industrial Development on Brownfield
The Lane Report | Oct. 10 | Brownfield Financing

Gov. Malloy Announces Opportunities to Remediate and Revitalize Brownfields in Connecticut
CT.gov | Oct. 7 | Brownfield Financing | Infrastructure Finance

$5M in Brownfield Redevelopment Grants Available
New England Business Media | Oct. 7 | Brownfield Financing | Infrastructure Finance

New Board To Assist With Redevelopment Of Hoskins Site In Hamburg Township
Krol Communications | Oct. 7 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA Finalizes Cleanup Plan for Defunct E.C. Electroplating Plant in Garfield, NJ
EPA.gov | Oct. 7 | Brownfield Financing

EPA Finalizes $15M Additional Cleanup at Former Pesticides Plant in Vineland, NJ
EPA.gov | Oct. 7 | Brownfield Financing

EPA Proposes $11M Toxic Cleanup Plan
EPA.gov | Oct. 7 | Brownfield Financing

EPA Finalizes $3.2M Plan to Cleanup Arsenic and Lead in Soil
EPA.gov | Oct. 7 | Brownfield Financing

EPA Grant Could Boost Downtown Redevelopment
Argus Leader | Oct. 5 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Federal EDA Grants Support Economic Development in Flint
Kettering University | Oct. 5 | Brownfield Financing | Infrastructure Finance | U.S. Economic Development Administration (EDA)

Major Developments Could Get Funding Boost Under Proposed Incentives
MiBiz | Oct. 5 | Brownfield Financing | Infrastructure Finance

Spokane City Council Names Riverfront Park a ‘Brownfield'
The Spokesman-Review | Oct. 5 | Brownfield Financing

EPA Presents Brownfields Grant to Philadelphia Organization
GIE Media | Oct. 5 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA Gives Philadelphia $820K for Brownfield Cleanup
Industry Dive | Oct. 5 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA to Award $820K
EPA.gov | Oct. 7 | 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
info@cdfa.net


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