Newsroom
All News Releases By Date
FIRST BROWNFIELDS REVOLVING LOAN AWARDED
Release Date: 10/07/99
Contact Information:
FOR RELEASE: THURSDAY, OCT. 7, 1999
FIRST BROWNFIELDS REVOLVING LOAN AWARDED
The first brownfields revolving loan was awarded this week in Stamford, Conn., to help clean up the Stamford Harbor waterfront property. The $250,000 was awarded to the Southfield Associates LLC, through its managing member Clearview Investment Management Inc., which will use the money to restore the harbor area to a major economic and recreational resource. The Stamford Community Development Office will be responsible for ensuring that environmental cleanups are done in compliance with all applicable laws and regulations. EPA selected the City of Stamford for a brownfields redevelopment assessment pilot in 1998 and selected the city for a Brownfields Cleanup Revolving Loan Fund Pilot (BCRLF) in September 1999. Under the BCRLF program, EPA provided the city of Stamford with $500,000 to capitalize its revolving loan fund. The city uses the money to provide loans to public and private parties for the purposes of cleaning up brownfields sites in the city. To date EPA has awarded 68 BCRLF pilots. For more information about the BCRLF pilots, including the Stamford, Conn., project, visit EPA’s web page at: https://www.epa.gov/brownfields.
R-122 ###
Search this collection of releases | or search all news releases
View selected historical press releases from 1970 to 1998 in the EPA History website.
