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Brownfields 2000 Revolving Loan Fund Pilot
Fact Sheet
Fayetteville, NC
EPA Brownfields Initiative
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.
Background
Downtown Fayetteville, North Carolina has been in
economic decline since the early 1970s, when many
businesses, manufacturers, and other facilities closed
operations or relocated to suburban areas. The US
Department of Housing and Urban Development has
designated the City a "Champion Community"
qualifying it for benefits under the HUD Empowerment
Zone/Enterprise Community Program. Cumberland
County is the only Federally-designated
"urban-distressed" County in the State. Since 1997, the
City has worked with the business community to develop
a conceptual design for revitalizing downtown
Fayetteville. Fayetteville is a Brownfields Assessment
Pilot.
Pilot Snapshot
Date of Announcement: 05/01/2000
Amount: $1,000,000
Profile: Downtown Fayetteville
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 4 Brownfields Team
(404) 562-8792
EPA Region 4 Brownfields Web site
(http ://www .epa.gov/region4/waste/bf)
Grant Recipient: Fayetteville, NC
(910)433-1990
Objectives
Fayetteville's BCRLF goal is to initiate redevelopment
of its downtown and to inspire future private-sector
investment in sustainable downtown redevelopment.
The City's Vision Plan calls for initially redeveloping a
key 45-acre downtown area. The City expects an initial
loan to be made to a public/private not-for-profit
redevelopment corporation, to clean up a portion of this
site.
Activities
Fund Structure and Operations
The City of Fayetteville's Department of Community
Development will serve as the lead agency. The City
will contract with a professional fund-management firm
or individual fund manager. The City is exploring
options for site manager.
BCRLF loan funds will help leverage additional support
needed to clean up a 45-acre area in downtown
Fayetteville. This area of the City is a strategic link
between the central business district and the Cross
United States
Environmental
Protection Agency
Washington, DC 20450
Solid Waste
and Emergency
Response (5105T)
EPA 500-F-00-163
May 00

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Creek. The BCRLF pilot will be used by Fayetteville to
build investor confidence in its redevelopment concept.
Creation of redevelopment partnerships and
diversification of redevelopment funding is a priority
for the City. The City intends to coordinate the BCRLF
with other possible sources of funding including the
North Carolina Clean Water Management Trust Fund,
the Cumberland County Stormwater Control Fund, US
Department of Housing and Urban Development
Community Development Block Grant funds and
Section 108 loan guarantees, the Cumberland County
Downtown Redevelopment Trust Fund, the Fayetteville
Downtown Loan Pool, funds from parties believed to be
responsible for contamination, and the City of
Fayetteville General Fund.
Use of BCRLF Pilot funds must be in accordance with
CERCLA, and all CERCLA restrictions on use of
funding also apply to BCRLF funds.
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
and Emergency
Response (5105T)
Solid Waste
EPA 500-F-00-163
May 00

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