/r^. Brownfields 1999 Revolving Loan Fund Pilot
IW * Fact Sheet
Las Vegas, NV
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
While Las Vegas, Nevada has experienced
unprecedented growth in its desirable Valley areas, the
environmentally-impaired sites surrounding these
desirable areas have been consistently neglected by
developers. The Las Vegas BCRLF pilot targets just over
five square miles located in the Brownfields Assessment
Pilot area and the City's Redevelopment Area. More than
30 percent of the residents living near
environmentally-impaired sites live below the poverty
level. Seventy percent of the target area is located in the
Las Vegas Enterprise Community. Current land uses in
the area include commercial (45 percent), residential (25
percent), hotel/casino (20 percent), and
manufacturing/industrial (15 percent).
Pilot Snapshot
Date of Announcement: 05/25/1999
Amount: $500,000
Profile: Five square miles located in the Brownfields
Assessment Pilot area and the City's Redevelopment
Area, with 70% of the target area within the Las
Vegas Enterprise Community
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 9 Brownfields Team
(415)972-3091
EPA Region 9 Brownfields Web site
(http ://www .epa.gov/region9/brownfields)
Grant Recipient: City of Las Vegas, NV
(702) 229-6241
Objectives
The BCRLF pilot will aid Las Vegas in achieving its
overall brownfields-related objectives:
•	Revitalization of downtown Las Vegas;
•	Preservation of the revenue stream for the
downtown area; Creation of jobs and a
prosperous business environment; and
•	Avoidance of further deterioration of the urban
core of commercial and office space.
Proposed sites for BCRLF assistance include:
•	A site on a major intersection that can
accommodate large retail uses that could create
420 new jobs and increased tax revenue by
$40,000 per year.
•	A former National Guard Armory, planned to be
used as a community center and business
incubator, that would create an estimated 18 new
jobs and $1,600 per year in tax revenues.
United States
Environmental
Protection Agency
Washington, DC 20450
Solid Waste
and Emergency
Response (5105T)
EPA 500-F-99-078
May 99

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Activities
Fund Structure and Operations
The City's Redevelopment Agency will serve as both
lead agency and site manager. The City, with experience
managing Community Development Block Grants and
US Economic Development Agency loan funds, will
serve as fund manager.
The pilot anticipates that other incentives available
through the City will help developers maximize
redevelopment opportunities. These incentives include
land, capital, infrastructure, landscaping, and City
assistance with the development process.
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-99-078
May 99

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