Tdec Brownfield Agreement

The United States Environmental Protection Agency defines Brownfields as real estate whose extension, rehabilitation, or reuse may be made difficult by the presence or potential presence of a hazardous substance, pollutant, or pollutant. The Tennessee Brownfields Redevelopment Program is working with the public to help reuse and revitalize Brownfields, Tennessee. Many Tennessee real estate properties, previously used as gas stations, cleaners, factories, or real estate that may be contaminated by unknown sources, are considered wastelands. Since 1996, the Tennessee Brownfields Redevelopment Program has been working with developers, municipalities, and landowners to recommission more than 1700 Brownfields lots throughout the state. As a first step, the EPO made small amounts of start-up capital available to the local governments of the municipalities concerned, which have launched hundreds of two-year brownfield “pilot projects”. Brownfield grants continue to serve as the basis for the EPO`s Brownfield programme. These grants support revitalization efforts by injecting money for environmental assessment, clean-up and training activities. Brownfield Assessment Grants makes money available for Brownfield inventories, planning, environmental assessments and public relations. Brownfield Revolving Loan Fund Grants provides money to capitalize loans used to clean up wastelands. Brownfield Cleanup Grants provides direct money for cleaning activities in certain properties with green spaces, recreation or other non-profit uses.

Brownfield Job Training Grants provides environmental training for residents of communities affected by the Brownfield sites. Those interested in applying for brownfield`s money can log in to TDEC`s Brownfields program. The Environmental Protection Agency`s Brownfields program was designed to enable states, communities, and other groups interested in economic rehabilitation to cooperate in a timely manner to prevent, assess, safely clean, and sustainably reuse brownfields. It is estimated that there are more than 450,000 Brownfield sites in the United States. The rehabilitation and reinvestment of these properties increases the local tax base, allows employment growth, uses existing infrastructure, relieves open spaces and improves and protects the environment. Brownfield rehabilitation transforms damaged real estate into sustainable and productive reuses that: * Use of state resources to take advantage of private investment to meet the combined needs of the municipality and the market * Reduction of urban sprawl by removing obstacles to the rehabilitation of wastelands * Rejuvenation of neighborhoods and reduction of rot * Ensure the reuse of existing infrastructure * Increase in infrastructure lo Wedges Tax Bases and Real Estate Values * Link between economic revitalization and environmental protection USA Brownfields from the Environmental Protection Agency (EPA) brownfields www.epa.gov/brownfields In general, there are Brownfield sites in the industrial zone of a city or town, on sites with abandoned factories or commercial buildings or other formerly polluting businesses…

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