Cleanup
                           Revolving  Loan  Fund
                           Pilot  Project
                           Boston, MA
BACKGROUND
EPA awarded Boston, Massachusetts, a Brownfields
Cleanup Revolving Loan Fund (BCRLF) Pilot in August
1997. Under this program, EPA has provided Boston
with $500,000 to capitalize  its revolving loan fund.
Using the BCRLF Pilot funds, the city will provide
loans to public and private parties for the purpose of
cleaning up brownfields sites. Boston's first loan is an
intragovernmental loan from one city agency to another.

As a large urban city with an  industrial history, Boston
is  known as the economic hub of New England.
However, the city also has its fair share of unemploy-
ment, poverty, abandoned land, and environmental
problems. As industries have been phased out of the city
and moved to the suburban greenfields, parts of Boston
have been left littered  with abandoned and vacant
properties. These former industrial properties are often
not redeveloped due to fears  of real or perceived
environmental  contamination.  This  BCRLF  Loan
represents a milestone in Boston's efforts to redevelop
brownfields.

In August 1995, EPA awarded to Boston a Brownfields
Demonstration Assessment  Pilot, and  it received
supplemental assessment funding support  in 2000.

STRUCTURE OF THE BCRLF PROGRAM

The  City of Boston's Economic Development and
Industrial Corporation (EDIC) is the Lead Agency for
the  BCRLF.  The  Boston  Local Development
Corporation (BLDC) serves as the Fund Manager for the
Pilot.  A Massachusetts Licensed Site Professional
(LSP) employed  by the  City's   Department  of
Neighborhood Development is the Pilot's site manager.

BCRLF BORROWER
                                                PILOT SNAPSHOT
                     Date of Loan:
                     December 2001

                     Amount: $475,000

                     Loan Profile: The City of Boston
                     is making a $475,000 loan to the
                     Boston Redevelopment Agency for
                     the cleanup of Parcel 8 in Boston's
                     South End.
 Boston, Massachusetts

 Contacts:

   Boston Redevelopment
        Agency
     (617)918-4307
EPA Region 1
Project Officer
(617)918-1394
The Boston Redevelopment Authority (BRA), the city's
planning and economic development agency, is the
BCRLF borrower for this project. The loan will be used
to  support the cleanup and redevelopment of a site
known as Parcel 8, which is located in Boston's South
End.  The total cleanup is estimated to cost $2.8 million
and will be managed and overseen by a developer that
has been designated by the city and the BRA.  The
developer is  contributing $1.8  million towards the
cleanup, with the BRA contributing the remaining $1
million. Of the BRA's $1 million match, $475,000 will
be provided by a BCRLF loan. The proposed loan terms
are 5  years at zero percent interest.

BCRLF CLEANUP SITE

The 50,000 square-foot Parcel 8 property has had a
variety of past uses including automotive repair and
filling stations, an Odd Fellows Hall, and a hotel which

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was destroyed by fire in the 1960s.  In addition, the site
is   underlain   by  urban  fill.   An   engineering
evaluation/cost  analysis  (EE/CA) identified  volatile
organic compounds  (VOCs), semivolatile  organic
compounds (SVOCs), total petroleum hydrocarbons
(TPH), mercury, and lead at levels exceeding  state
standards. In addition, a localized pocket of light non-
aqueous phase liquid (LNAPL) (2.5 inches of product in
one monitoring well) was found.

Construction  of  a proposed garage  will  require
excavation to depths of approximately 30 feet below
grade.    A  detailed  soil  precharacterization  was
completed, and the estimated quantity of contaminated
soil subject to excavation and disposal is approximately
65,000 cubic yards. Total soil excavation and disposal
costs are estimated at $2.8 million.

PROPOSED SITE REUSE PLAN

The property is slated for a 253,120 square-foot mixed
use redevelopment.   The  mixed-use building  will
include 20,000 square feet of retail and restaurant space,
new theater and support space for the adjacent Boston
Center for the  Arts (BCA)  facility,  100 residential
condominiums on the upper floors, and a below-grade
parking garage with  capacity for 350 cars.   The
construction will require excavation to 30 feet below the
existing grade. Cleanup and construction are slated to
begin in Spring 2002.
CONTACTS

Senior Project Manager
Boston Redevelopment Authority
(617) 918-4307

EPA Region 1 Project Officer
(617)918-1394

For   additional   information,   contact  the
RCRA/SuperfundHotline at: (800) 424-9346 orvisitthe
EPA   Brownfields   website    at:
http://www.epa.gov/brownfields.

 Use ofBCRLF Pilot funds must be in accordance with
 CERCLA, and all CERCLA restrictions on use of funding
 also apply to BCRLF funds.
                                                          Solid Waste
                                                          and Emergency
                                                          Response (5105)
                           EPA 500-F-02-023
                           April 2002
                           vwwv.epa.gov/brownfields/

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