$16M awarded to clean up brownfields in Connecticut: Gov. Dannel P. Malloy

Mar 26th, 2012 | By | Category: General

GOV. MALLOY: $16M AWARDED TO CLEAN UP BROWNFIELDS

Round 2 Complete; DECD Now Accepting Applications for Round 3

(HARTFORD, CT) – Governor Dannel P. Malloy today announced that the Connecticut Department of Economic and Community Development (DECD) has awarded more than $16 million in loans and grants for several brownfield projects throughout the state.

“Cleaning up Connecticut brownfields is an important component of our economic development agenda. These contaminated sites are a blight to their communities and significantly damper development and prosperity for adjacent sites,” said Governor Malloy. “Investing in these redevelopment efforts is smart policy—we create jobs and thriving communities, expand our tax base, and clean up pollution in Connecticut.”

This round of awards includes $8,689,000 in loans and $7,500,000 in grants for projects encompassing commercial and industrial remediation and expansion; affordable, disabled, student, and workforce housing; train stations and transit oriented development (TOD); and mixed-use developments with hotel, residential and retail space. It is estimated the state funding will leverage over $300 million in additional private and public investment.

Funding will go directly to municipalities, businesses, developers and regional development agencies and can be used for environmental assessment, planning, design, remediation, demolition, construction and acquisition.  The state also offers a third party liability protection program for eligible developers of brownfields.

“There is a renewed commitment for brownfield redevelopment in Connecticut, and DECD is leading the way,” said Catherine Smith, commissioner of DECD.  “In the last six months alone, we’ve gotten more than $33 million in brownfield funding out the door to our cities and towns and other parties that are helping to capitalize on the economic potential of these sites.  Cleaning up these sites so they are ready for redevelopment is vital to our efforts to spur economic activity and make our communities more vibrant and accessible.”

For more information about the application process or other brownfield redevelopment programs visit DECD’s Office of Brownfield Remediation and Development (OBRD) at  www.ctbrownfields.gov.  This office is Connecticut’s one-stop resource for information on the programs and services available for brownfield redevelopment in the state.

Complete breakdown of funding grants, subject to bond commission approval.

Complete breakdown of funding loans, subject to bond commission approval.

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