Current Investments
WHAT ARE BROWNFIELDS?
Brownfields are abandoned or underutilized properties where reuse is complicated by actual or perceived environmental contamination. The spaces may include sites contaminated by hazardous substances, petroleum or mine-scarred land.
Cleaning up and reinvesting in these properties increases local tax bases, facilitates job growth, utilizes existing infrastructure, takes development pressures off of undeveloped, open land, and both improves and protects the environment.
Surrounding properties also might become subjected to hazards and issues by the brownfield site.
HOW IT'S FUNDED
Copper Corridor Blight Busters Brownfields Program seeks to reclaim brownfields sites so they can be repurposed and revitalized into productive private or public properties using funding provided by the U.S. Environmental Protection Agency (EPA).
GRANT CRITERIA
Properties must fit all three criteria to be considered Brownfields:
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It is an underused commercial or industrial site.
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It has redevelopment potential.
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The site’s redevelopment potential is complicated by known or perceived contamination from a hazardous substance as defined by the Environmental Protection Agency’s Comprehensive Environmental Response, Compensation and Liability Act (CERCLA).
Owners and potential buyers who have had no contribution to the contamination of the building are eligible. If you are interested in remodeling or expanding your current Copper Corridor building, or buying or selling a property, the Copper Corridor Blight Busters Brownfield Program is the perfect fit to get you started on the right foot.
