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Brownfields Financing Update
December 6, 2016
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Brownfields Finance Update

Features

CDFA Now Accepting RFPs for Development Finance Advisors
CDFA is seeking development finance advisors for the Brownfields Technical Assistance Program. Complete this brief RFP to be eligible to partner with CDFA in assisting communities with their redevelopment projects.

Five Star and Urban Waters 2017 Request for Proposals Now Accepting Applications
The Five Star and Urban Waters Restoration Program seeks to develop nation-wide-community stewardship of local natural resources, preserving these resources for future generations and enhancing habitat for local wildlife.

Minnesota Brownfields Honors Five Projects
The Minnesota Brownfields organization recently honored winners in five categories, including community impact, economic impact, environmental impact, small city impact and for the first time people's choice.

Variety of Financing Tools Used to Fund $82.2M St. Louis Project
Green Street is aligning an array of financing and incentives to fund the project. These include the formation of a Community Improvement District (CID), Transportation Development District (TDD), tax abatements, $7M in state Historic Tax Credits, $5M in federal Historic Tax Credits, and $1.1M in state Brownfield Tax Credits.

Former RI Rubber Plant Redeveloped with Complex Financing
When the nonprofit venture WaterFire bought the long-vacant former U.S. Rubber factory to renovate into the WaterFire Arts Center, financing the $13.7-million project creatively used grants, Historic Tax Credits, a bridge loan, and New Market Tax credits.

Transformative Revitalization - Boston Landing
Development Finance Authority, Mass Development, uses Public-Private Partnership, Bonds, TIF, Special Assessment, Brownfields Clean Up, and Tax Credits to redevelop the former Slaughterhouse District into the New Boston Landing.

Upcoming Events
Intro Brownfields Finance WebCourse
CDFA Brownfields Technical Assistance Program


Brownfields Financing Headlines

Senate Bills Tackle Urban Brownfields, Redevelopment in Michigan
Detroit Free Press | Nov. 30 | Brownfield Financing | Tax Increment Finance (TIF)

Packard Plant Redevelopment Could Start Next Spring
Detroit Free Press | Nov. 30 | Brownfield Financing | Revolving Loan Funds (RLFs) | Tax Credits

Ellicott Development Transforms Elmwood Brownfield Site
WBFO | Nov. 30 | Brownfield Financing | Tax Credits

Brownfield Incentive Legislation Would Cap Annual Tax Captures at $50 Million
Crain Communications | Nov. 23 | Brownfield Financing

County Giving Millions in Tax Incentives for Brownfield Properties
Cox Media Group | Nov. 23 | Brownfield Financing

Lebanon to Apply for More Brownfields Grants
Reporter.net | Nov. 18 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

East Hartford Focused On Development of Brownfield Property
Courant Community | Nov. 18 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Boardman River Restoration Funding Gushes In
Record-Eagle | Nov. 18 | Brownfield Financing

Residences, Marina Planned for $60 Million Project on Hudson River at Green Island
The Hearst Corporation | Nov. 18 | Brownfield Financing | Tax Credits

$103M Redevelopment of Vacant St. Louis Building to Utilize TIF
ContructForSTL | Nov. 17 | Brownfield Financing | Special Assessment Districts | Tax Credits | Tax Increment Finance (TIF)

ADEQ awards a $72,489 Brownfields Grant to Pine Forest
Arizona Daily Sun | Nov. 16 | Brownfield Financing

Stark Community Foundation Provides $3M Loan to Hercules Project
The Canton Rep | Nov. 15 | Brownfield Financing | Redevelopment

Columbia County Discusses Options for Gruber Automotive Site
Portage Daily Register | Nov. 14 | Brownfield Financing

The Pearl Project Receives Brownfield Approval
Downtown Publications | Nov. 9 | Brownfield Financing | Tax Credits

Brownfield + NYS Incentives = New 500 Seneca Street
WBFO | Nov. 9 | Brownfield Financing | Tax Credits

Boardman River Dams Project Funds Help Grand Traverse County and Traverse City Budget
Heritage Broadcasting | Nov. 9 | Brownfield Financing

Ottawa County to Receive $129,636 for Brownfield Property Redevelopment
The Peninsula | Nov. 9 | Brownfield Financing

Brownfields Grants in the United States
Annex-Newcom | Nov. 4 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

BDC Purchases Former Follansbee Steel Site for Future Redevelopment
Weirton Daily Times | Nov. 2 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Gautier Identifying, Assessing Brownfield Properties Ready for Redevelopment
Alabama Live | Nov. 2 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Redevelopment at Brownfield Site Aided by Grant from National Grid
WFBO | Nov. 2 | Brownfield Financing


Highlights from the Online Resource Database

Financing Brownfields in California from the Center for Creative Land Recycling
Brownfield Financing | Redevelopment
The Center for Creative Land Recycling (CCLR) explains brownfields and how they work in the state of California. Discussed the direct and indirect impacts of brownfields and EPA Program eligibility.

Financing Brownfields Cleanup and Buildup
Brownfield Financing | Redevelopment
Case Studies Featuring Oregon Brownfields Redevelopment Projects. Featuring the City of Hillsboro and Coos Bay.

Financing Brownfields Cleanup & Buildup: St. Helen's Waterfront Case Study
Brownfield Financing | Public-Private Partnership (P3) Financing | Redevelopment
St. Helens Waterfront: A Case Study on the cleanup and financing of the transformation from Mill site to the Riverfront District.


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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