United States
                      Environmental
                      Protection Agency
                      Washington, D.C. 20460
  Solid Waste
  and Emergency
  Response (5101)
EPA500-F-00-157
May 2000
www.epa.gov/brownfields/
 <>EPA      Brownfields  Cleanup
                       Revolving  Loan  Fund  Pilot
                                                                        Toledo,  OH
Outreach and Special Projects Staff (5105)
                       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 for the 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

Toledo,  Ohio  developed  historically as  a  major
industrial city with automotive and glass manufacturing
operations.  The City has one of the largest railway
centers in the country and the fourth largest port on the
Great Lakes. Like many older cities in the Midwest,
Toledo has seen its factories  abandon  downtown
locations for suburban greenfields. The empty buildings
and vacant lots within the City have created health and
safety risks  and lowered  the quality  of life in
surrounding neighborhoods. The City's population has
been in decline since the early 1970s, due largely to
loss  of  employment opportunities. Neighborhoods
surrounding Toledo's  brownfields are  struggling
economically. Many have a median household income
that is 15 percent lower than that of the City as a whole
and 25 percent lower than the State of Ohio.

BCRLF OBJECTIVES

Toledo's BCRLF intends to discourage greenfield
flight, reduce  health and safety risks to inner-city
residents, and increase jobs and capital investment.
Toledo's BCRLF will target properties identified by
the Toledo Brownfields Group site inventory and
those within the City's Enterprise Zone.
PILOT SNAPSHOT
                      Date of Announcement:
                      May 2000

                      Amount: $500,000

                      BCRLF Target Area:
                      Toledo's Enterprise Zone
Toledo, Ohio
Contacts:

Toledo Department
of Economic Development
(419)936-3757
  Region 5 BCRLF
  Coordinator
  (312)886-7576
      Visit the EPA Region 5 Brownfields web site at:
     www.epa.gov/region05/waste/brown/index.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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FUND STRUCTURE AND OPERATIONS

Toledo's Economic Development Department will
serve as lead  agency and fund manager.  Toledo's
Division of Environmental Services will serve as site
manager. Loans will be available  in amounts  up  to
$100,000. Loans  greater than $100,000 will be
considered on a case-by-case basis.

LEVERAGING OTHER RESOURCES

The FirstEnergy Corporation will provide $2 million to
develop a revolving loan fund that will be used  to
distribute low-interest loans for brownfield cleanup and
redevelopment. The City of Toledo must provide $3
million in matching funds for that program. Toledo's
$500,000 BCRLF award will be used to help meet its
matching fund needs. The result will be  a $5 million
revolving loan fund with two separate accounts: one for
the $500,000 BCRLF award and one for the City  of
Toledo and FirstEnergy monies.
 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                                                        Toledo, Ohio
May 2000	EPA 500-F-00-157

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