1. 1 Cuyahoga County Board of County Commissioners Department of Development 112 Hamilton Ct. 4th Floor Cleveland, Ohio 44114 Brownfields 1 Cuyahoga County Board of County Commissioners Department of Development 112 Hamilton Ct. 4th Floor Cleveland, Ohio 44114 Brownfields COMMISSIONERS Jimmy Dimora Timothy F. Hagan Peter Lawson Jones Best Practice: Tinkers Creek Commerce Park HUD 2007 Award of Excellence July 25, 2007 Presented to: Ohio Conference of Community Development (OCCD) Presented by: Tracey A. Nichols, Assistant Director James Herron, Brownfield Program Manager Cuyahoga County Department of Development

2. 22 Brownfields Brownfield Definition A vacant, abandoned or underutilized property with real or perceived contamination Cuyahoga River Fire, 1952 - Jefferson St. and W. 3rd. The Cuyahoga River burned bringing attention to the region and eventually causing the Clean Water Act

3. 33 Brownfields Tinker’s Creek Commerce Park : Industrial Project Comparison Greenfield Project Brownfield Project

4. 44 Brownfields Tinker’s Creek Budget BEDI Grant $2,000,000 HUD 108 $4,000,000 State 629 Funds $ 850,000 Cuyahoga County BF $ 950,000 State Enterprise Bond $3,655,000 Private (Bank & Equity) $23,095,000 TOTAL $34,550,000

5. 55 Brownfields Tinker’s Creek Commerce Park : Industrial Project Comparison GreenfieldBrownfield Land Cost $4.65 million$10,000 Demo & Clean-Up Cost $0$9.2 million Appraised Value $4.65 million$0 Maximum Loan $3.72 million$0 Equity$930,000 Government Finance $0$8.3 million

6. 66 Brownfields Future Tinker’s Creek Commerce Park

7. 77 Brownfields Tinker’s Creek Commerce Park : Industrial Project Return On Investment Annual Property Taxes Land Only BEFOREAFTER $7,494$111,869 Building $0$582,900

8. 88 Brownfields Thank You Tracey Nichols Assistant Director of Economic Development Phone: 216-443-2137 E-mail: cdtan@cuyahogacounty.us James Herron Brownfield Program Manager Phone: 216-443-8064 E-mail: cdjph@cuyahogacounty.us Website http://brownfields.cuyahogacounty.us