United States
                  Environmental
                  Protection Agency
                  Washington, D.C.  20460
Solid Waste
and Emergency
Response (5101)
EPA500-F-99-076
May 1999
www.epa.gov/brownfields/
 >>EPA    Brownfields  Cleanup
                   Revolving  Loan  Fund  Pilot
                                                            Jacksonville, FL
 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

Jacksonville' s inner-city, like many inner-cities, contains
sections marked by  urban blight, decaying
neighborhoods mixed among abandoned industrial
brownfields sites. While Jacksonville has maintained
its industrial character, it has shifted to become more
of a transportation, manufacturing, and financial hub.
This shift, coupled with the development ofgreenfields
in the City's south and west sides, has resulted in the
closure of many industrial operations. Ithas also pulled
jobs from  the inner-city.   To combat this trend,
Jacksonville's BCJ^LF pilot will target 18 square miles
of Jacksonville's state-de signaled Enterprise Zone.
This section of the City has numerous brownfields and
apressingneedforeconomicdevelopmentassistance.
The population of this area has a poverty rate ranging
from 20 to 77 percent. The area contains 95 known
and reported non-petroleum contaminated sites.

BCRLF OBJECTIVES

The Jacksonville BC J^LF pilot will facilitate brownfields
cleanup and redevelopment by providing the City with
another tool to attract developers or businesses to the
inner-city. The pilot anticipates that demonstrated
success of this loan fund will encourage further
capitalization from local, state, and federal sources.
 PILOT SNAPSHOT
  Jacksonville, Florida
                       Date of Announcement:
                       May 25,1999

                       Amount:  $500,000

                       BCRLF Target Area:
                       18-square mile section of
                       Jacksonville's state-desig-
                       nated Enterprise Zone
 Contacts:
 Brownfields Redevelopment
 Program
 (904) 630-2333
   Region 4 Brownfields
   Coordinator
   (404) 562-8661
      Visit the EPA Region 4 Brownfields web site at:
   www.epa.gov/region4/wastepgs/brownfpgs/bf.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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Jacksonville plans, if additional capitalization is received,
to expand the geographic scope of the loan program
throughoutthe City and County. The pilot's potential
borrowers  include small  business owners and
developers.

FUND STRUCTURE AND OPERATIONS

The City of Jacksonville will serve as the lead agency.
It is currently exploring several options for site manager.
The Jacksonville Economic Development Commission
will serve as fund manager.  The average loan size is
expected to be $37,500 and the City expects to make
10 to 12 loans during the three-year loan commitment
phase. Most loans will be made to small business
owners and developers. Borrowers will be required to
carry environmental insurance.

LEVERAGING

Potentialleveragingsourcesincludeprivate foundations,
commercial banks, city funding, special appropriations
through the Florida legislature, and a variety of grant
opportunities. The City will provide in-kind services
in the form of staff time and resources.
Use ofBCRLF Pilot funds must be in accordance with
CERCLA, and all CERCLA restrictions on use of funding
also apply to BCRLFfunds.
 Brownfields Cleanup Revolving Loan Fund Pilot                                        Jacksonville,  Florida
 May 1999                                                                       EPA  500-F-99-076

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