• Rockford, Ill.: Modernizing a Century–Old Community Landmark

  • RE3 Focus: Pennoni On Leading Edge of Sub-Slab Depressurization

  • Using GIS To Decipher Large-Scale Remediation Projects

  • Right Place, Right Time


Revolving Capital

Event: The EPA provides Stamford, Conn. with $500,000 to capitalized their revolving loan fund program. In November Stamford makes a loan to the first private firm to help fund cleanup. Action: Brings attention to the problem of capitalizing cleanup and the need for government and private sector sources of high-risk capital that can fund predevelopment activities so that properties can be repositioned. Connection: Shows how government has to think creatively and be an advocate to provide solutions for brownfield redevelopment. While the EPA’s pilot program provided the assessment dollars to help identify sites within a community there was a glaring hole in the program—the complete lack of assistance to fund cleanup. The EPA aimed to fill that gap when it developed a revolving loan fund, which grants money directly to local government bodies to lend for cleanups. The application process is competitive and requires that the loans be used only…Log In to Read Full Article

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