United States
Environmental
Protection Agency
Washington, D.C. 20460
Solid Waste
and Emergency
Response (5101)
EPA500-F-00-147
May 2000
www.epa.gov/brownfields/
vvEPA
Brownfields Cleanup
Revolving Loan Fund Pilot
Coalition: The State of Washington, King County,
City of Seattle, and City of Tacoma
Outreach and Special Projects Staff (5105)
Quick Reference Fact Sheet
EPA's Brownfields Economic Redevelopment Initiative is designed to empower states, communities, and other stakeholders
in economic redevelopment to work together in a timely manner to prevent, assess, safely clean up, and sustainably reuse
brownfields. A brownfield is a site, or portion thereof, that has actual or perceived contamination and an active potential for
redevelopment or reuse. EPA is funding: assessment demonstration pilot programs (each funded up to $200,000 over two
years), to assess brownfields sites and to test cleanup and redevelopment models; job training pilot programs (each funded
up to $200,000 over two years), to provide training for residents of communities affected by brownfields to facilitate cleanup
of brownfields sites and prepare trainees for future employment in the environmental field; and, cleanup revolving loan fund
programs (each funded up to $500,000 over five years) to capitalize loan funds to make loans for the environmental cleanup
of brownfields. These pilot programs are intended to provide EPA, states, tribes, municipalities, and communities with useful
information and strategies as they continue to seek new methods to promote a unified approach to site assessment,
environmental cleanup, and redevelopment.
BACKGROUND
The State of Washington has a population of 5.7
million, with approximately 11 percent of the State's
population living in poverty. Many communities have
landfills, industrial property, fish and food processors,
and mill sites that need to be returned to productive use.
The Washington BCRLF is a coalition with King
County, the Cities of Seattle and Tacoma, and the State
of Washington. Seattle/King County will integrate the
BCRLF with its Brownfields Showcase Community
program and its Job Training and Development
program.
BCRLF OBJECTIVES
Washington State's BCRLF will provide loan funds to
clean up some of the most challenging brownfields.
The BCRLF also will target environmental justice
communities to promote increased employment and
livability in those communities.
The State has identified numerous potential BCRLF
borrowers. Within King County and the City of Seattle,
the BCRLF will target Manufacturing and Industrial
Centers (MICs), in particular the Duwamish MIC.
PILOT SNAPSHOT
Date of Announcement:
May 2000
Amount:
$1,500,000
BCRLF Target Area: Downtown
and South Tacoma, Waterway, Port
of Tacoma, Manufacturing &
Industrial Centers
Coalition: The State of Washington, King County,
City of Seattle, and City of Tacoma
Contacts:
Washington State Department Region 10 BCRLF
of Community, Trade, and Economic Coordinator
Development
(360)586-4848 (206)553-2100
Visit the EPA Region 10 Brownfields web site at:
www.epa.gov/region10/waste/brown/index.htm
For further information, including specific Pilot contacts, additional
Pilot information, brownfields news and events, and publications
and links, visit the EPA Brownfields web site at:
http://www.epa.gov/brownfields
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Within the City of Tacoma, the BCRLF target areas are
Tacoma's downtown, the South Tacoma Industrial
area, and the Port of Tacoma.
FUND STRUCTURE AND OPERATIONS
The Washington Department of Community, Trade,
and Economic Development (CTED) will serve as the
lead agency and, through its Business Loan Program
also will serve as fund manager. The Washington State
Department of Ecology will serve as site manager.
One-third of the coalition's funding will be available
for cleanup of brownfields anywhere in the State. The
remainder of the funds will be evenly divided between
King County/Seattle and Tacoma for brownfields
cleanup in their respective jurisdictions.
LEVERAGING OTHER RESOURCES
Washington State anticipates that BCRLF funds may be
combined with industrial revenue bond proceeds to
finance portions of redevelopment. In addition,
BCRLF funds may be combined with US Department
of Housing and Urban Development Economic
Development Initiative programs and Section 108 loan
programs, US Army Corp of Engineers programs, and
Economic Development Administration programs. The
State expects some private financing institutions will
provide assistance to CTED in implementing the
BCRLF. In addition, CTED's Community
Development Finance staff will assist with outreach
and marketing for the BCRLF. Seattle/King County
also will require loan recipients to sign First Source
Hiring Agreements to foster the creation and retention
of jobs.
Use of BCRLF Pilot funds must be in accordance with
CERCLA, and all CERCLA restrictions on use of funding
also apply to BCRLF funds.
Brownfields Cleanup Revolving Loan Fund Pilot Washington State
May 2000 EPA 500-F-00-147
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