New Markets, Brownfields and Workforce Greener Horizons Prepared for Florida Redevelopment Conferenc

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New Markets, Brownfields and Workforce -- Greener
HorizonsPrepared forFlorida Redevelopment
Conference
October 23, 2008
Presented by Roger Register rregister_at_tbegroup.co
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Brownfields 101
Before

• What are Brownfields
• Overall Big Picture
• Surprising Facts
• Designation Steps
• Local Government Initiated
• Individual Initiated
• Incentives
• Brownfield Successes
• Question and Answers

After
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What are Brownfields?
Before

• Brownfields are Real Property, the Expansion,
  Redevelopment, or Reuse, of which may be
  Complicated by Actual or Perceived Environmental
  Contamination.
• Redevelopment Opportunities that Result in Viable
  Economic Development and Community Development,
  Residential and Open-space / Green-space Projects.

After
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Brownfields Include
Solvent Contamination Sources Printers,
Drycleaners, Auto Repair
Junk Yards
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Brownfields Include
Petroleum Storage Sites
Corner Gas Stations
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Brownfields Include
Marine Related Industries
Former Industrial Properties
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Brownfields Include
Former Landfills
Unexpected and Adjacent Uses
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Big Picture Benefits

• Catalyst for Economic Development in
  Under-Developed or Under-Utilized Areas
• Puts prime real estate back onto the market
• Increases local employment opportunities
• Broadens tax base (revenue generating)
• Offers incentives for job creation

St. Johns Center Jacksonville
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Big Picture Benefits (continued)

• Smart Growth in Over-Developed or Rural Areas
• Reduces urban sprawl by encouraging further
  redevelopment and reinvestment in core urban
  areas
• Preserves green spaces
• Relies on existing infrastructure

Before
After
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Big Picture Benefits (continued)

• Environment
• Faster clean-ups, manage contamination
• Voluntary approach
• Lower cleanup costs by incentives
• Remove environmental stigma

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Surprising Facts

• Attributable to companies locating in designated
  brownfield areas
• 7,430 direct jobs
• 5,999 indirect jobs
• 754,663,993 new capital investment
• Up to 500,000 per year per project in tax
  credits for redeveloping brownfields
• Tax Credit Refunds to encourage Job Creation,
  Low Income Workforce Housing, Health Care
  Facilities / Providers

Willa Carson Health Resource Center Clearwater
As reported by OTTED since inception of program
through 2006.
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Surprising Facts (continued)
Just a few of the companies already taking
advantage of the Florida Brownfields program

• BrandsMart
• CSX
• Jacksonville Electric Authority
• IKEA
• Tampa Port Authority
• St. Joe Company
• Smurfit Stone Company
• Peoples Gas System
• Bank of America
• Robbins Manufacturing Company

• Numerous local governments
• Small to mid size developers
• Publix
• Wal-Mart
• Gainesville Regional Utilities
• Hotel Franchises

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Why Choose Brownfields?

• Cleanup and Redevelop Brownfields Sites and Areas
  
• Improve Employment Opportunities Economic
  Vitality
• Utilize Existing Infrastructure
• Discourage Urban Sprawl (4.6 Acres in Open /
  Green Space)
• Grant Alternative funding to support your
  Redevelopment Projects
• Increase Local Revenue

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How to Get Started?

• State Brownfields Designation Process
• Brownfields Redevelopment Act Section
  376.77-376.85 F.S.
• Two Ways
• Local Government Initiated or
• Individual/Private Sector Initiated.
• Adoption of Resolution by Local Government
  Required for Both
• Strictly Local Government Decision

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Larger BF Areas

• EZs ,CRAs Empowerment Zones
• Multi-Layered Incentives
• Support
• Affordable / Workforce Housing
• Health Care Facilities
• Job Creation
• Remove Blight
• Local Government Advocacy

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Boundaries of Proposed Area
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State Brownfields Incentives

• Brownfields Bonus Refund
• Up to 2,500 Tax Refund per Job Created
• Stack Tax Credits with Enterprise Zone QTI (Up
  to 10,500)
• Attracts Job Generators
• Building Materials Sales Tax Refund
• 20 Low to Moderate Income
• Encourages Affordable and Workforce Housing
• Brownfields Loan Guarantee
• 50 of Primary Lenders Loan
• 75 for Affordable Housing and Health Care
  Facilities

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State Brownfields Incentives (continued)

• Voluntary Cleanup Tax Credit (VCTC)
• 50 of Site Rehabilitation Costs with a 500,000
  Max Annually, Per Site
• Corporate Income Tax
• Affordable Housing Projects (Up to 75)
• Health Care Facilities (Up to 75)
• Solid Waste Removal for Eligible Costs
• Removal, sorting/screening, transportation and
  disposal
• Additional 25 upon Issuance of NFA or SRCO
• Targeted Site Assessments
• s for Assessment and Cleanup

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EPA Grants

• EPA Brownfields Assessment Grant
• Up to 400,000 Annually to Local Governments and
  1 Million for Coalitions
• Phase I And II Assessments Petroleum and
  Hazardous Substances (Metals, Solvents, Asbestos
  Lead)
• Free Look At Challenged Properties For Buyers
• EPA Brownfields Cleanup Grant
• Up to 600,000 Annually (200,000 per site) to
  Local Governments or Non-Profits
• Can Make Environmentally Upside-down Properties
  Feasible for Redevelopment

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EPA Grants

• Brownfields Cleanup Revolving Loan Fund
• Up to 1 Million Annually for Clean-Up
• Low-to No-Interest Loans/ Sub-grants for
  Non-profits for Clean-Up
• Can Make Environmentally Upside-down Properties
  Feasible for Redevelopment
• Job Training
• 200,000
• Provides environmental training for residents of
  the BF Areas

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Other EPA Tools

• Targeted Site Assessments
• Federal Brownfields Partnership
• EDA Infrastructure
• HUD BEDI, CDBG
• NOAA Portfields
• USACOE - Riverfront
• Over 24 Agencies
• Brownfields Tax Incentive

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Re-Building Urban Environments
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Brownfields Success
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Harbor Oaks Shopping Center

• Brownfields Challenge
• Former Automobile Dealership 45 Years
• Blighted Buildings
• Market Uncertainty - Third Time is the Charm
• Underground Storage Tanks
• 17 Hydraulic Lifts
• Environmental Stigma
• Need for a Grocery Store

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Harbor Oaks Shopping Center

• Brownfields Results
• 44,287 SF - Harbor Oaks Shopping Center
• 27,087 SF Publix as Anchor Tenant Retail
• 12,000,000 Capital Investment
• 125 New Jobs - Brownfields Area EZ
• Catalytic Town Home Commercial Developments

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Seaport Town Centre at Channelside

• Multi-family apartments, mixed use retail and
  office
• Former City of Tampa 12th Street Maintenance
  Facility
• 3 MM in site assessment remediation activities
  
• Identification of BF Incentives and grants/State
  Brownfields Designation
• FDEP Brownfields Site Rehabilitation Agreement
• Site / Risk Assessment
• Brownfields Initial Remedial Action
• Brownfields Remedial Action Plan / Natural
  Attenuation Monitoring Plan
• Brownfields Interim Source Removal
• Brownfields Voluntary Cleanup Tax Credit
  Application

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Avion Park at Westshore McKibbon Hotel

• Three mid-rise hotels
• Hilton Garden Inn
• Homewood Suites
• TownePlace Suites
• Four restaurants
• 30,000 sq. ft. of retail stores
• 400,000 sq. ft. of office space

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Palmetto Park /Greenwood Apartments

• Brownfields Challenges
• Public Housing Appearance
• Blight
• High Crime / Police Response
• Asbestos Issues
• Floor Tile, Glue Under Sinks, Window Glazing
• Lead Issues
• Lead Based Paint
• Encapsulated

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Palmetto Park /Greenwood Apartments

• Brownfields Transformation
• 192 Totally Remodeled Units
• 14.3 Million Investment
• Make A Difference Center
• Neighborhood Renaissance
• New North Greenwood Library
• New North Greenwood Park Recreation
• Streetscape
• Fannie Mae Foundation Maxwell Award of Excellence

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North West Fire Station
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Brownfields Transformation
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Lets Get Started!