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Learn how Baltimore Development Corporation's Brownfields Initiative revitalizes communities by redeveloping potentially contaminated sites, attracting businesses, and leveraging investments. Discover success stories, funding opportunities, and local incentives for environmental cleanup and redevelopment.
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BDC’s Brownfields Program Gary Suskauer Director of the Brownfields Initiative The Baltimore Development Corporation IMLA Mid-Year Seminar, April 21, 2009
BDC’s mission • Retain and expand existing businesses • Attract new businesses • Expand the tax base by created new real estate development opportunities • Promote thriving commercial districts • Support cultural resources
BDC’s Brownfields Initiative • Provides assistance to businesses considering potentially contaminated sites. • Staff acts as an ombudsman to help overcome impediments to redevelopment.
Leveraging Investments • BDC looks to fund projects where the City’s funds will encourage/enable additional private investment. • EPA tracks investment resulting from projects receiving funding.
Impact of redevelopment • Since 1996, Baltimore has completed more than 30 brownfields projects • These projects resulted in more than 3,000 new and retained jobs; and leveraged $300 million in new investment.
EPA’s competitive grants programs • Assessment • In 2006, BDC received its second assessment grant for $200,000. • Funding is used to offset costs of Phase I & II environmental site assessments. • Funds provided to developers as a grant, provided that the site is enrolled in Maryland’s Voluntary Cleanup Program within 12 months.
EPA’s competitive grants programs • Cleanup • BDC has a $200,000 cleanup grant for an 18 acre landfill site. • Revolving Loan Fund • A $1.25 million revolving loan fund, provided by an EPA grant and a city match, is available for cleanup of brownfield sites.
Other local brownfields incentives • City bond funds • The City of Baltimore has a bond fund that provides yearly funding for brownfield projects. • Tax credit program • Baltimore has enacted a tax credit program which provides up to a 70% credit on the incremental increase in assessed value for brownfield projects.
Other local brownfields incentives • State funding sources • The State of Maryland has a Brownfields Revitalization Incentive Program (BRIP) that provides some funding for assessment and cleanup of sites. • BDC attempts to match state contributions where appropriate.
Assessment success story • Turning an abandoned factory into a $19 million office and housing project
Miller’s Court • Building is located in a neighborhood in need of redevelopment • The City is trying to spur development away from the waterfront
Miller’s Court history • Constructed in the 1890s, site was used as a can manufacturing facility until 1953 • Other than a few intermittent tenants, the building has been underutilized since that time.
Miller’s Court: BDC/EPA investment • BDC provided $38,090 for assistance with: • Phase I Environmental Site Assessment ($5,190); • Phase II Environmental Site Assessment ($28,400); and • Enrollment into the Maryland Voluntary Cleanup Program ($4,500)
Miller’s Court: environmental issues • A fairly typical Baltimore brownfield “story” • A large underground storage tank was removed, and soil excavation was required
Cannery Square: environmental issues • Building contained a large amount of asbestos and lead-based paint • A vapor barrier was needed under the basement slab in order to address soil gas issues.
The greening of Miller’s Court • Section demolished for courtyard & additional light
On the verge of completion • Developers are targeting a LEED Gold rating • Renovation will restore access to some of the building’s greatest assets – its large windows and skylights
On the verge of completion • Area where tank removed now site of utility room.
From eyesore to asset • Revitalized space to be ready for new residents June 5, 2009.
For more information: Gary Suskauer Director of the Brownfields Initiative Baltimore Development Corporation 36 South Charles St., Suite 1600 Baltimore, MD 21201 410-837-9305 gsuskauer@baltimoredevelopment.com