United States Environmental Protection Agency Washington, D.C. 20460 Solid Waste and Emergency Response (5101) EPA 500-F-98-266 November 1998 www.epa.gov/brownfields/ &EPA Brownfields Showcase Community Stamford, CT Outreach and Special Projects Staff (5101) Quick Reference Fact Sheet Brownfields are abandoned, idled or underused industrial and commercial properties where expansion or redevelopment is complicated by real or perceived contamination. In May 1997, Vice President Gore announced a Brownfields National Partnership to bring together the resources of more than 15 federal agencies to address local cleanup and reuse issues in a more coordinated manner. This multi-agency partnership has pledged support to 16 "Brownfields Showcase Communities"—models demonstrating the benefits of collaborative activity on brownfields. The designated Brownfields Showcase Communities are distributed across the country and vary by size, resources, and community type. A wide range of support will be leveraged, depending on the particular needs of each Showcase Community. Community Profile BACKGROUND The Brownfields National Partnership has selected the City of Stamford as a Brownfields Showcase Commu- nity. The Stamford Harbor Redevelopment Project seeks to restore the 250-acre harbor area to a major economic and recre- ational resource. Res- toration of the harbor will also provide a much-needed economic boost to Stamford's two lowest-income neighbor- hoods, Waterside and South End, which are located within a state Enterprise Zone. Waterside's population is 71% minority, with 25% of families living below the poverty level, while South End's residents are 80% minority with a 16% poverty rate. The city is targeting three of the harbor's largest brownfields sites for redevelopment, as these sites will catalyze the restoration of adjacent brownfields and de- teriorated neighborhoods. All of these targeted sites have been idle or underused for the past 3 0 years. They include the 40-acre Northeast Utilities property, a former manufactured gas plant contaminated by coal tar, PCB 's, cyanide, lead, asbestos, and other by-products of the gas manufacturing process; the 17-acre site of a former fuel oil depot, for which a new residential complex is now planned; and the 22-acre Yale & Towne site, a former manufacturing complex and foundry property now slated for housing and industrial space. The city expects that none of these three Stamford, Connecticut Stamford plans to reclaimthe harbor areaasaneconomicand recreational resource, and revitalize the city's two poorest neighborhoods. Redevelopmentof three brownfields will leverage $370 million in private investment, and create 600 construction and 1,300 permanentjobs. sites will require public in- vestment in environmen- tal cleanup, as current owners and new devel- opers will likely absorb cleanup costs. CURRENT ACTIVITIES AND ACHIEVEMENTS Stamford already has a strong track record for brownfields restoration, having recently completed cleanup of a 12-acre site with extensive petrochemical contamination. The ensuing $250 million construction project created anew facility for 2,300 traders and other financial services professionals. Highlights of the Stam- ford Harbor Redevelopment Project include: ------- Cleaning up and removing of contamination at the Northeast Utilities property, which was financed by the current owner at a cost of $700,000. The city has agreed to purchase one acre of this site for construction of a $1.7 million fire station, and is negotiating with the owner to acquire an additional three acres for a $3 million, high-speed ferry terminal; Completing environmental studies on the fuel oil depot site, and the outlining of a cleanup program with costs estimated between $1.5 and $2 million. The property was recently sold to an investment management firm. Cleanup costs will be absorbed by the seller, an energy company, as part of the sales agreement; Receiving Planning Board approval for a mixed- use development at the Yale & Towne site, which consist of approximately 500 units of market-rate housing, 100,000 square feet of retail space, and 200,000 square feet of state-of-the-art industrial space. Total investment is estimated at approximately $150million; and Receiving a U.S. Department of Housing and Urban Development (HUD) HOPE VI grant of $26.4 million, in addition to a $6.5 million HUD demolition grant, which will leverage $35 million in private and municipal funds to convert a low- income housing project to a mixed-income community. This proj ect will stabilize the harbor's western edge and vastly improve the entire area's image. SHOWCASE COMMUNITY OBJECTIVES AND PLANNED ACTIVITIES Stamford plans to use the Showcase Communities project to form new federal partnerships, leverage additional public funding to stimulate private demand, and ensure that low-income residents of the harbor area share in the benefits of harbor restoration. The Showcase Communities project will ensure comple- tion of the city's ongoing brownfields restoration ef- forts as well as sparking new ones. Redevelopment of the Northeast Utilities site will include an $80 mil- lion sports and entertainment facility with 13,000 seats, which will house an American Hockey League ex- pansion team scheduled for October 2000. It is an- ticipated that construction of the facility will be fi- nanced through a 50/50 mix of private investment and tax increment financing. This proj ect is expected to create 150 full-time construction jobs, 25 perma- nent full-time jobs, and 200 permanent part-time jobs. A 150,000 square-foot office building, 250 housing units, and a 5 00-car parking facility are also planned for the Northeast Utilities property. The housing and office building will be developed at atotal cost of $90 million, and will create 150 full-time construction jobs and 475 permanent jobs. On the former fuel oil de- pot site, developers plan a $50 million, 390,000 square- foot mixed-use (primarily residential) development proj ect that will create 75 full-time construction jobs and 200 permanent jobs. The mixed-use develop- ment planned for the Yale & Towne site will create 225 full-time construction jobs and 600 permanent jobs. Contacts Stamford Harbor Redevelopment Project City of Stamford (203)977-5088 Regional Brownfields Team U.S. EPA-Region 1 (617)573-9681 For more information on the Brownfields Showcase Communities, visit the EPA Brownfields web site at: http://www.epa.gov/brownfields/showcase.htm Brownfields Showcase Community November 1998 Stamford, Connecticut EPA 500-F-98-266 ------- |