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Brownfields Financing Update
February 7, 2017
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Brownfields Finance Update

Features

Recipe for Brownfield Redevelopment
There's no single recipe for success. Every site is different. Some can be cleaned up and redeveloped quickly. Others take years or even decades. This is a very high-level look at what often happens in brownfield cleanup and redevelopment. 

Five Stories of Brownfield Renewal
Every brownfield is different, so each follows its own path to renewal. Take a look at five Portland-area brownfields to see what it took to give them a new chance at a better future.

2017 Learn more about CDFA's Free Technical Assistance for Brownfields 

[Webinar] Leveraging Resources for Brownfields Revitalization: Meet the Funders: Parks, Community Health, and the Arts
Brownfield grants from the U.S. Environmental Protection Agency (EPA) are one of many sources of funds that can support redevelopment of contaminated sites. This webinar will highlight a number of redevelopment resources available from the National Park Service (NPS), The Department of Health and Human Services (HHS), and the National Endowment for the Arts (NEA) to leverage your brownfield dollars.

Cheyenne's West Edge: Past, Present and Future
Cheyenne is finalizing the plan to redevelop the once industry-heavy West Edge, utilizing EPA grants, HUD Block Grants, EDA funds and FEMA pre disaster mitigation funding. The city hope to break ground on several projects this year.

New Jersey Innovation Institute Awarded Brownfield Coalition Contract
The Brownfields Coalition of the Northeast (BCONE) has awarded the New Jersey Innovation Institute (NJII) a contract for the Planning and Coordination Services for the 2017 Northeast Sustainable Communities Workshop. 

Hoboken Finalizes $30M Purchase of Remediated Property
City of Hoboken Purchases 5.4 acres of remediated land from a Chemical Company to build the new Resiliency Park. The Park will be funded through a low-interest loan from the New Jersey Environmental Infrastructure Fund Program, which includes 19 percent principal forgiveness for the green infrastructure components.

The 2017 National Brownfields Training Conference
The National Brownfields Training Conference is the largest event in the nation focused on environmental revitalization and economic redevelopment. Held every two years, the National Brownfields Conference attracts nearly 3,000 stakeholders in brownfields redevelopment and cleanup to share knowledge about sustainable reuse and celebrate the EPA brownfields program's success.

Upcoming Events
CDFA Summer School

CDFA Brownfields Financing Webinar: Financing Brownfields with Private Activity Bonds (PABs)
Thursday, March 9, 2017 - 2:00 - 3:30 PM Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities on March 9, 2016 from 2:00 – 3:30pm Eastern as we discuss Private Activity Bonds and how they can be used to compliment the redevelopment and cleanup of your brownfield project.

CDFA Online Brownfields Project Marketplace
February 01, 2017 - 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.

CDFA Brownfields Technical Assistance Program

2017 Learn More About CDFA's Free Technical Assistance for Brownfields Recording
The Council of Development Finance Agencies (CDFA) offers free technical assistance to State, Local, and Tribal brownfield financing efforts. CDFA and partners provide resources and expertise related to revolving loan funds, tax credits, tax increment finance and other effective financing tools.  Communities and organizations interested in learning more about CDFA's technical assistance opportunities are invited to view our informational webinar from February 1, 2017 to discuss how you can take advantage of free resources and expertise. 

Brownfields Financing Headlines

Big Ass Solutions Recieves Tax Incentives for Expansion
Lexington Herald Leader | Feb. 6 | Brownfield Financing | Tax Increment Finance (TIF)

Tax Exempt Bonds for Redevelopment in TX Under Review by IRS
The Dallas Morning News | Feb. 3 | Bond Finance | Brownfield Financing | Redevelopment | Tax Increment Finance (TIF)

Travis Environmental Restoration Program Gets Greener Cleanup Certification
Military Spot | Feb. 1 | Brownfield Financing

CDFA Online Brownfields Project Marketplace
All | Feb. 1 | Brownfield Financing

NKADD's RLF Has Been Successful for Northern KY
The Lane Report | Jan. 30 | Brownfield Financing | Revolving Loan Funds (RLFs)

$11M Brownfield Financing Supports Stryker Expansion
MLive | Jan. 24 | Brownfield Financing

DEED Awards $5.7M for Site Assessment and Remediation
DEED | Jan. 23 | Brownfield Financing

Bexley Apartment Proposal Receives $500K Cleanup Grant
Columbus Business First | Jan. 23 | Brownfield Financing

The Mohegan Tribal Gaming Authority plans a $200-$600M development of 393-acre Brownfield Site.
Hartford Courant | Jan. 18 | Brownfield Financing

Former Fridley Weapons Plant Receives Livable Communities Funds
Star Tribune | Jan. 18 | Brownfield Financing

$570K City Loan Supports Heritage Tower Cleanup
Battle Creek Enquirer | Jan. 18 | Brownfield Financing | Revolving Loan Funds (RLFs)

$13M Investment Sparks Kimberly Redevelopment
Post-Crescent | Jan. 16 | Brownfield Financing | Redevelopment

Former Fridley Weapons Plant Receives $1M Grant for Cleanup
StarTribune | Jan. 13 | Brownfield Financing | Redevelopment

EPA Cleanup Superfund May Support Development of Harbor Area
Portland Tribune | Jan. 6 | Brownfield Financing | Economic Development | U.S. Environmental Protection Agency (EPA)

Landfills as Solar Farms? Cuyahoga County is Identifying Sites
Cleveland | Jan. 3 | Brownfield Financing

North Carolina Brownfields Celebrates 400th Agreement with a Prospective Developer
North Carolina News Network | Jan. 3 | Brownfield Financing


Highlights from the Online Resource Database

NJIT_Resource_Flyer2017
Brownfield Financing
Informational one-pager of services from Technical Assistance to Brownfields Provider(TAB) NJIT

Prepared Workbook: Process for Risk Evaluation, Property Analysis and Reuse Decisions
Brownfield Financing
The Prepared Workbook for Brownfields and Land Revitalization is a risk management framework for evaluating various actions that a local government might take to bring about a desired reuse at contaminated properties that it does not currently own.


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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