1 w $ Brownfields 2005 Cleanup Grant Fact Sheet

Radford University Real Estate Foundation, Radford, VA

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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 Radford University Real Estate Foundation was
selected to receive a brownfields cleanup grant. The target
site is the Old Psychiatric Hospital, part of the 77.5-acre
Fairlawn complex gifted to the Foundation by the Carilion
Health Systems. The property is in Pulaski County
(population 35,127) in the New River Valley region of
southwest Virginia. The valley is part of Appalachia,
historically an economically depressed region, with low
employment and high out-migration of population. More
recently, there has been a decline in the textile and small
manufacturing sectors, the traditional employers in the
region. Cleanup of the target site will help the Foundation
implement the master plan for the Fairlawn complex, the
Radford University Business Technology Park. The plan
includes a mix of academic buildings, retail and office
space, housing, recreational facilities, and greenspace.
The park is expected to have a dramatic effect on the
region's economy, bringing new, higher-paying jobs, an
increased tax base, and services to new and expanding
businesses.

Cleanup Grant

$200,000 for hazardous substances

EPA has selected the Radford University Real
Estate Foundation for a brownfields cleanup grant.
Grant funds will be used to develop and execute
cleanup plans for "Building 2" of the Old
Psychiatric Hospital. Contamination on the
property is related to the materials containing
asbestos and lead used in the construction of the
original building and subsequent additions.

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 3 Brownfields Team
(215)814-3129

EPA Region 3 Brownfields Web site
(http://www.epa.gov/reg3hwmd/bf -lr)

Grant Recipient: Radford University Real Estate
Foundation,VA
(540)831-6235

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	c

Environmental	anri Fmpflpn™	EPA 560-F-05-178

Protection Agency	Response (5105T)	May 2005

Washington, DC 20450	Kesponse (si us )


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