What Can Be Done?

1
What Can Be Done?
2
THE US CONFERENCE OF MAYORS SURVEY FINDS..

• of the 153 cities that already have redeveloped
  brownfield sites that redevelopment brought in
  90 million in revenue and created more than
  83,000 jobs..

3

• WHAT IS THE POTENTIAL FOR FUTURE BROWNFIELDS?
• .of the 205 cities that are waiting to develop
  Brownfield sites, 148 claim that 576,373 new jobs
  would be created and as much as 1.9 billion in
  revenue would be generated annually..
• Is your city one of these 205??

4
Uptown Bistro, Frisco
5
Does It Make Economic Sense?

• Small Town, Big Benefits
• City Tax Revenues (property sales) 18,000
  annual increase
• County Tax Revenues (property sales) 23,100
  annual increase
• School District Tax Revenue 1,900 annual
  increase
• Employment 8 new jobs
• Average Annual Wage 1,200 increase
• Construction Spending 250,000
• New Investment in Business Equipment 80,000
• 374,200 8 new jobs
• Source Development Research Partners, 1999

6
Redeveloping Environmentally Challenged Parcels
The Process

• Phase I Historical Record Research
• Phase II Assessment (How Bad Is It?)
• Cleanup Plan Regulatory Review
• Perform Cleanup
• Redevelopment

7
How is it done?Voluntary Cleanup Brownfields

• Voluntary Cleanup Program (State) provides the
  framework for brownfields cleanups
• Brownfields is a Federal Grant Program to Cities
  which is tasked with meeting State standards

8
Any Gaps on Your Main Street?
9
Do Your Gaps Look Like This?
10
What Assistance is Available for Redeveloping
Brownfield Sites?

• Brownfields Tax Incentives
• - Federal State
• Brownfields Site Assessments
• - Federal State
• Cleanup Funds
  - Revolving Loan Fund
  - State and Federal
  Grants

11
Brownfield Site Assessments

• Municipal Or Non-Profit Sites
• Public Benefit?
• Commitment to Redevelop?

??
12
Alamosa Power Plant

• Private owner, City of Alamosa requested a TBA to
  eliminate eyesore of this site and put back on
  tax role
• CDPHE installed and sampled 7 new groundwater
  wells, 4 existing wells, and 9 soil samples for
  full suite organic and inorganic contamination

13
Fruita Industrial Park

• Location of former Gary Oil refinery
• CDPHE conducted 2 TBA at Fruita Industrial Park
• CDPHE contracted with mobile laboratory to
  acquire real time results using Triad Approach
• Installation of over 20 monitoring wells and 280
  soil samples for VOCs, SVOCs and organic
  contamination

14
Durango Power Plant

• Building on National Register of Historic Places
• City of Durango is partnering with Durango
  Children's Museum for a new Children's Museum

15
Colorados Voluntary Cleanup Redevelopment Act
(1994)

• 45 Day Review Period
• 2000 Application Fee
• MOA with EPA
• Risk-Based Cleanups
• Application Types
• Cleanup Plan
• No Action Determination
• 325 Sites have been through the program

16
Cinderella City, Englewood
17
General Iron Works Site, Englewood
18
Colorado Brownfields Revolving Loan Fund

• Low/No Interest Loans
• Administered By CHFA
• Flexible Repayment Schedule
• Flexible Collateral Requirements
• Available Statewide (public/private)

19
(No Transcript)
20
A New Partner The Non-ProfitSector

• Role Intermediary between government and the
  private sector
• Who will take title?
• Brownfields Role

21
A Brownfield Redevelopment Model

• 1. Town/Non Profit Acquires Option on Property
• 2. CDPHE Performs Site Assessment
• 3. Town/Non Profit Exercises Option
• 4. Acquire Cleanup (RLF, State grant)
• 5. Sell Parcel for Redevelopment

22
(No Transcript)
23
From Brownfields To Greenbacks A Smart Growth
Approach
A collaborative partnership between the Office of
Smart Growth (DOLA) and the Department of Public
Health and Environment
24
Objectives

• Integrating brownfields with economic
  development
• Identifying barriers to redevelopment of
  environmentally-challenged sites
• Identifying additional resources for
  redevelopment

25
Contact Information

• Mark Walker
• 303-692-3449
• E-mail mark.walker_at_state.co.us