The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services Ohio Brownfield Fund Local, State & Federal Resources to Redevelop Blighted.

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Presentation transcript:

The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services Ohio Brownfield Fund Local, State & Federal Resources to Redevelop Blighted Properties Workshop Perrysburg, Ohio Thursday, September 17, 2015

Assist Small Business and Entrepreneurs –Small Business –Minority-Owned Business –Manufacturing Support System Access to Capital & Incentives –Assist JobsOhio Support Community Development –Main Streets –Infrastructure Ohio Development Services Agency

Ohio Brownfield Program Goal: Remove obstacles and promote sustainable redevelopment

Ohio Brownfield Program

Brownfield Funding Partners Ohio Development Services Agency JobsOhio Ohio EPA and BUSTR

JobsOhio Network

PlanningAssessmentRemediation Redevelopment The Brownfield Spectrum

Assistance for Each Stage Planning Technical assistance for planning and funding strategies Assessment $500,000 Phase II loans Low-interest, flexible terms Remediation $5,000,000 remediation loans No job requirements

Contaminants Hazardous materials Asbestos Lead-based paint Petroleum Activities PlanningAssessmentRemediation Uses ResidentialCommercialIndustrialInstitutionalOpen space Applicants PublicPrivateNonprofit Responsible parties Versatility of Funding

Alternative Stormwater Infrastructure Loan Program Below-market rate loans for design and construction of green infrastructure –Design, demolition, construction, and materials Up to $5 million in loan funds per project Available to governmental entities

Alternative Stormwater Infrastructure Loan Program Liberty Town Center (Butler County) 65 acre development featuring office, residential, hotel, restaurant, retail & entertainment Green Infrastructure includes underground stormwater storage, water quality measures integrated into the base of public parking structures and use of permeable paving Total Project Cost: $312 million $13.7 million of green infrastructure 3,700 operational jobs expected to be created on-site

Former Parker Marathon Canal Winchester

Operations ceased – abandoned (1989) State forfeiture (2002) Parker (2006) County (2007) CIC (2007) Former Parker Marathon Canal Winchester

Brownfield Revolving Loan Fund Petro Loan $150,000 (0%, 5 years) Brownfield Revolving Loan Fund Grant $150,000 Loan secured via a pledged account (County) Cleanup: July 2013 – February 2014 Currently greenspace Former Parker Marathon Canal Winchester

Sites with Class C BUSTR tanks Helps with the assessment ($100k) & cleanup ($500k) of the site, tank removal Coordinates with Ohio EPA, and State Fire Marshal Turns abandoned property into developable land and community assets New Program – Abandoned Gas Station Cleanup Grant

Additional ODSA Funding Ohio Historic Preservation Tax Credit –Tax credits for rehabilitating historic structures Ohio New Markets Tax Credit –Tax credits for making business investments in low-income communities Volume Cap Program (tax exempt private activity bonds) –Low-interest loans for economic development via bond issues

Additional ODSA Funding Community Development Block Grants - Grants and loans for projects that benefit low- to moderate-income individuals or projects that address slum/blight conditions

Drury Plaza Hotel Cleveland

Former (1931) Cleveland Metropolitan School District Office Building Approx. 200,000 sq. ft. Asbestos + Lead Paint Adaptive Reuse – room hotel & parking garage

Estimated Total Project Cost of $41.8 M State Historic Preservation Tax Credit $5M OWDA Loan $4.7M Energy Loan Fund $3M Drury Plaza Hotel Cleveland

Annie van Blaricom Susan Miller Office of Community Assistance (614) Thank You!