Brownfields 2003 Revolving Loan Fund Grant Fact Sheet Wyandotte, Ml EPA Brownfields Program EPA's Brownfields Program empowers states. communities, and other stakeholders to work together to prevent, assess, safely clean up, and sustainably reuse brownfields. A brownfield site is real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. On January 11, 2002, President George W. Bush signed into law the Small Business Liability Relief and Brownfields Revitalization Act. Under the Brownfields Law, EPA provides financial assistance to eligible applicants through four competitive grant programs: assessment grants, revolving loan fund grants, cleanup grants, and job training grants. Additionally, funding support is provided to state and tribal response programs through a separate mechanism. Community Description The City of Wyandotte was selected to receive a revolving loan fund grant. Founded in 1854 along the Detroit River, approximately 70 percent of the city's land was developed prior to the early 1900s. Abandoned or underused industrial and commercial sites have created health and economic obstacles to urban redevelopment. Since 1960, the city's population has declined more than 41 percent. The revolving loan fund will allow the city to redevelop contaminated sites and to construct new housing, which should help stabilize and reverse the population loss. The city has targeted several brownfields sites in older residential neighborhoods and along commercial corridors, railroad tracks, and the waterfront. The city will leverage additional funding through tax-increment financing and through the city's Brownfields Redevelopment Authority. Redevelopment of sites currently owned by the city has the potential to add more than $17 million to the tax base, create new jobs, and generate at least $14 million in new capital investment. Revolving Loan Fund Grant $1,000,000 for hazardous substances EPA has selected the City of Wyandotte for a brownfields revolving loan fund grant. The grant will be used to capitalize a revolving loan fund from which the city will provide loans and subgrants to conduct cleanup activities on properties within the city limits. The city is focusing on sites in older residential neighborhoods and along commercial corridors, railroad tracks, and the waterfront. Contacts For further information, including specific grant contacts, additional grant information, brownfields news and events, and publications and links, visit the EPA Brownfields Web site (http://www.epa.gov/brownfields). EPA Region 5 Brownfields Team (312)886-7576 EPA Region 5 Brownfields Web site (http://www.epa.gov/R5Brownfields) Grant Recipient: Wyandotte, MI, City of (734) 324-4541 The information presented in this fact sheet comes from the grant proposal; EPA cannot attest to the accuracy of this information. The cooperative agreement for the grant has not yet been negotiated. Therefore, activities described in this fact sheet are subject to change. United States Environmental Protection Agency Washington, DC 20450 Solid Waste and Emergency Response (5105T) EPA500-F-03-218 Jun 03 ------- |