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Brownfields 2000 Revolving Loan Fund Pilot
Fact Sheet
Toledo, OH
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
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.
Pilot Snapshot
Date of Announcement: 05/01/2000
Amount: $500,000
Profile: Toledo's Enterprise Zone
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: Toledo, OH
(419) 936-3757
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.
Activities
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.
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
United States
Environmental
Protection Agency
Washington, DC 20450
Solid Waste
and Emergency
Response (5105T)
EPA 500-F-00-157
May 00

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$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.
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-00-157
May 00

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