A Grant Could Offset Your Brownfield Clean-Up Costs

September 8, 2017

Sometimes the best property in town is a brownfield. You can use existing infrastructure, it’s near downtown, it’s near your end users, and the price is right. The benefits are clear. But what about the added cost for brownfield clean-up?

You may be able to offset costs of environmental remediation with a grant from the Wisconsin Economic Development Corporation (WEDC).

WEDC provides grants to individuals, businesses, local governments, and nonprofit organizations to help them redevelop commercial and industrial properties that have environmental contamination. The property is eligible for the grant if the party that caused the environmental contamination is unknown, can’t be located, or is unable to pay for the clean-up. The contamination must be documented by Phase 1 and Phase 2 environmental site assessments.

Grant Eligible Activities

  • Environmental investigation, monitoring, and remediation of soil, groundwater, and vapor contamination
  • Demolition
  • Removal or capping of contaminated soil
  • Installation of vapor barrier and venting systems

Grant recipients must provide at least 50% of the funds needed for the eligible activities, but generally, due to program demand, recipients provide a minimum of 70% of eligible project costs.

Grant Eligible Matching Activities

  • The acquisition of the brownfield property
  • Asbestos and lead paint abatement
  • Site clearing, building demolition, or renovation
  • Infrastructure improvements

Ineligible Grant Funded or Matching Costs

  • Past costs
  • Indirect (soft) construction costs
  • Costs of new construction

WEDC considerations include, but are not limited to, the following:

  • Potential for promoting economic development
  • Financial commitment by investors and lenders
  • The degree and extent of soil and groundwater contamination, and need for vapor control
  • Completeness of the site investigation and remediation plan
  • Grant cost estimates from qualified and independent third parties
  • Effect of the project on human health and the environment
  • Property size and location relative to the downtown and economic centers

WEDC consults with the Wisconsin Department of Natural Resources when making awards. WEDC accepts applications year round. Applications are available through the WEDC regional economic directors. More information is available at the WEDC Brownfields Grant Program website.

To learn more about how a WEDC Brownfield grant could help with environmental remediation costs on your Brownfield redevelopment project, contact:

Ray Tierney, PG, Vice President
Betty Socha, PhD, PG, Project Manager

 

 

 

 

 

Posted by Diane Samuels at 3:11 pm
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