United States
                  Environmental
                  Protection Agency
                  Washington, D.C.  20460
Solid Waste
and Emergency
Response  (5101)
EPA500-F-99-095
May 1999
www.epa.gov/brownfields/
 >>EPA   Brownfields Cleanup
                  Revolving  Loan  Fund  Pilot
                                                                Wheeling, WV
 Outreach and Special Projects Staff (5101)
                     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 forthe 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 City ofWheeling, once an industrial and economic
force, has lostnearly half of its population due to aloss
of industry. As a result of this economic downtrend,
abandoned and underutilized contaminated properties
flourished throughout the city. The location of these
contaminated sites compromised surrounding property
values and created unemployment, blighted conditions,
and aided in the decline  of investments  and taxes.
Wheeling believes that redevelopment reverses these
trends, by diversifying and strengthening the local
economy and tax base.

BCRLF OBJECTIVES

Wheeling anticipates that capitalization of a BCRLF
will allow the City to offer a critical tool to address a
substantial impediment to economic and community
revitalization. Wheeling's BCRLF pilot seeks to:

 Make loans to eligible parties to cleanup and redevelop
  contaminated properties;

 Manage a loan portfolio that perpetuates itself for
  sustainable redevelopment;
 PILOT SNAPSHOT
  Wheeling, West Virginia
Date of Announcement:
May 25,1999

Amount: $500,000

BCRLF Target Area:
The City  of Wheeling,
focusing on sites within 5
census tracts made up of
disadvantaged populations
 Contacts:
 Economic Development
 Coordinator, City ofWheeling
 Economic and Community
 Development Department
 (304) 234-3877
   Region 3 Brownfields
   Coordinator
   (215) 814-3129
      Visit the EPA Region 3 Brownfields web site at:
    www.epa.gov/reg3hwmd/brownfld/hmpage1.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/

-------
 Integrate the  BCRLF with the  Brownfields
  Assessment Pilot; and

 Leverage other investments.

Potential sites include those that have participated in
the Brownfields Assessment Pilot, as well as other sites
throughout the City of Wheeling.

FUND STRUCTURE AND OPERATIONS

The City of Wheeling will serve as lead agency and
fund manager. The US Army Corps of Engineers and/
or the West  Virginia Office  of Environmental
Remediation will assist the pilot in carrying out its site
management responsibilities. Loan  amounts are
anticipated to be in the range of $50,000 to $150,000.

LEVERAGING

The City of Wheeling's Economic and Community
DevelopmentDepartmentwill provide in-kind services
forvarious administrative functions. Otherprograms
that will complementthe BCRLF include the Economic
Development Revolving Loan Fund program, HUD
Entitlement Community funds, Federal Community
Development Block Grant funds, the Section 108
Loan Guarantee Program, and local bank investments
in compliance with Community Reinvestment Act
regulations.
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                                     Wheeling, West Virginia
 May 1999                                                                     EPA 500-F-99-095

-------