removing roadblocks to redevelopment = results opport summit... · 2014-08-26 · removing...
TRANSCRIPT
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Removing Roadblocks to Redevelopment = Results Removing Roadblocks to
Redevelopment = Results
Pinellas County Redevelopment Opportunities Summit
December 12, 2002 Prepared By TBE Group Inc.
Pinellas County Redevelopment Opportunities Summit
December 12, 2002 Prepared By TBE Group Inc.
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Brownfields Are… Brownfields Are…
• “Real property, the expansion, redevelopment, or reuse, of which may be complicated by the presence or potential presence of a hazardous substance, pollutant or contaminant.”
• “Real property, the expansion, redevelopment, or reuse, of which may be complicated by the presence or potential presence of a hazardous substance, pollutant or contaminant.”
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Brownfields Are Brownfields Are
• “Redevelopment Opportunities that result in viable Economic Development and Community Development,Residential and Open-Space/ Green-Space Projects”
• “Redevelopment Opportunities that result in viable Economic Development and Community Development,Residential and Open-Space/ Green-Space Projects”
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Brownfields Are Brownfields Are
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Brownfields Are Brownfields Are
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Brownfields Are Brownfields Are
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Brownfields Are Brownfields Are
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Brownfields Are Brownfields Are
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Brownfields Are Brownfields Are
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Brownfields Are Brownfields Are
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Brownfields Approach Brownfields Approach
• Market Ready Sites –• Productive End Uses
• Remove the Stigma• Level the Playing Field
• Multi-layered Incentive Approach $• Lower Bottom Line For Redevelopment $
• Market Ready Sites –• Productive End Uses
• Remove the Stigma• Level the Playing Field
• Multi-layered Incentive Approach $• Lower Bottom Line For Redevelopment $
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Remove Environmental Stigma Remove Environmental Stigma
• Liability Reduction
• Environmental Assessments
• Environmental Insurance
• Cleanup
• Liability Reduction
• Environmental Assessments
• Environmental Insurance
• Cleanup
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Real EPA $’s Real EPA $’s
• $250 Million a year • $1.25 Billion (5 Years)• $150 Million for
Assessments• $50 Million Cleanup• $50 Million Petroleum
• $250 Million a year • $1.25 Billion (5 Years)• $150 Million for
Assessments• $50 Million Cleanup• $50 Million Petroleum
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EPA Grants EPA Grants
• Assessment • $400,000 - $700,000• Petroleum• Haz- Materials• Asbestos & Lead
• Cleanup • $1Million
• RLF • $1 Million
• Job Training • $200,000
• Assessment • $400,000 - $700,000• Petroleum• Haz- Materials• Asbestos & Lead
• Cleanup • $1Million
• RLF • $1 Million
• Job Training • $200,000
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EPA Grants EPA Grants
• Eligible for Funding • States • Tribes• Local Governments• Other Governments • Non-Profits(Cleanup & RLF)
• Eligible for Funding • States • Tribes• Local Governments• Other Governments • Non-Profits(Cleanup & RLF)
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EPA Tools EPA Tools
• Targeted Site Assessments
• Brownfields Partnership
• EDA – Infrastructure • HUD – BEDI, CDBG • NOAA – Portfields• USACOE - Riverfront• Over 24 Agencies
• Targeted Site Assessments
• Brownfields Partnership
• EDA – Infrastructure • HUD – BEDI, CDBG • NOAA – Portfields• USACOE - Riverfront• Over 24 Agencies
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State Brownfields Tools State Brownfields Tools
• State Cleanup Tax Credit • 35% of Cleanup Costs • $225,000 Max
• BF Loan Guarantee• 10% of loan/5 years
• Lien Removal(RLF)• Brownfields Bonus Refund
• $2,500 Tax Refund Per FTE• Building Materials Sales Tax
Refund • 20% Low to Mod
• State Cleanup Tax Credit • 35% of Cleanup Costs • $225,000 Max
• BF Loan Guarantee• 10% of loan/5 years
• Lien Removal(RLF)• Brownfields Bonus Refund
• $2,500 Tax Refund Per FTE• Building Materials Sales Tax
Refund • 20% Low to Mod
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State Brownfields Incentives State Brownfields Incentives
• Risk Based Clean Up
• Liability Protection for Lenders/PRFBSR
• Expedited Environmental Review
• Risk Based Clean Up
• Liability Protection for Lenders/PRFBSR
• Expedited Environmental Review
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Lower Bottom Line Lower Bottom Line
Re-Building Urban EnvironmentsRe-Building Urban Environments
Local Incentives/Impact Fees
EZ Tax Incentives
Brownfields Bonus
Loan GuaranteeClean Up $’sRemediation
Tax Credits
Assessment Assistant
Building Materials Tax
Credit
RevolvingLoan Fund
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Brownfields ChallengeBrownfields Challenge• Former Montgomery Wards /City Hall Annex • Totally Underutilized/ Blighted Property • Ugly Downtown Site Stifling Redevelopment• Petroleum & Solvent Contamination
• Former Montgomery Wards /City Hall Annex • Totally Underutilized/ Blighted Property • Ugly Downtown Site Stifling Redevelopment• Petroleum & Solvent Contamination
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Brownfields ResultsBrownfields Results• IMR Global to CGI Tec Companies • Prime Office Campus Site • Currently on the Market
• IMR Global to CGI Tec Companies • Prime Office Campus Site • Currently on the Market
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Brownfields ChallengeBrownfields Challenge• Orphaned and Abandoned Gas Station (10 years)• Perceived Petroleum Contamination • Drug/Crime Corner• Bank Will Not Foreclose
• Orphaned and Abandoned Gas Station (10 years)• Perceived Petroleum Contamination • Drug/Crime Corner• Bank Will Not Foreclose
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Brownfields Results Brownfields Results • Neighborhood Policing Station• Family Outreach Center • Crime Reduction Compatible Land Use
• Neighborhood Policing Station• Family Outreach Center • Crime Reduction Compatible Land Use
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Brownfields ChallengeBrownfields Challenge• Mini-Junk Yard in Residential Neighborhood• Inappropriate Land Use • Environmental Injustice • Hazardous Waste /Petroleum/Waste Oil
• Mini-Junk Yard in Residential Neighborhood• Inappropriate Land Use • Environmental Injustice • Hazardous Waste /Petroleum/Waste Oil
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Brownfields ResultsBrownfields Results• Proposed for 2 Affordable Single Family Units • Removed Inappropriate Land Use • Install Environmental Justice
• Proposed for 2 Affordable Single Family Units • Removed Inappropriate Land Use • Install Environmental Justice
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Brownfields ChallengeBrownfields Challenge• Former Automobile Dealership• Blighted Buildings• Market Uncertainty - Third time is the Charm
• Former Automobile Dealership• Blighted Buildings• Market Uncertainty - Third time is the Charm
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• 44,287 S.F. - Harbor Oaks Shopping Center • Publix as Anchor Tenant & Retail • $12,000,000 Capital investment • 210 Jobs- Brownfields Area & EZ
• 44,287 S.F. - Harbor Oaks Shopping Center • Publix as Anchor Tenant & Retail • $12,000,000 Capital investment • 210 Jobs- Brownfields Area & EZ
Brownfields ResultsBrownfields Results
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Multiple Uses Multiple Uses
• Fire Station • Creek
Restoration • Nature Trail • Stormwater• Wetlands
Enhancement
• Fire Station • Creek
Restoration • Nature Trail • Stormwater• Wetlands
Enhancement
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Redevelopment In Progress Redevelopment In Progress • Former Auto Dealership/Inappropriate Uses • Blighted Buildings/No Redevelopment • Undesirable Land Use for Downtown • 12 Hydraulic Lifts / 1 UST• Multiple Sources of Contamination
• Former Auto Dealership/Inappropriate Uses • Blighted Buildings/No Redevelopment • Undesirable Land Use for Downtown • 12 Hydraulic Lifts / 1 UST• Multiple Sources of Contamination
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Redevelopment In ProgressRedevelopment In Progress• 100 Town Homes• Smart Growth - New Urbanism • $16 Million in Capital Investment • Annual $200,000 + Ad Valorem and Other Revenues• Downtown Support
• 100 Town Homes• Smart Growth - New Urbanism • $16 Million in Capital Investment • Annual $200,000 + Ad Valorem and Other Revenues• Downtown Support
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PROPOSED BROWNFIELDS
REDEVELOPMENT AREA
PROPOSED BROWNFIELDS
REDEVELOPMENT AREA
Redevelopment In ProgressRedevelopment In Progress
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Redevelopment In Progress Redevelopment In Progress
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Redevelopment In Progress Redevelopment In Progress
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Redevelopment In ProgressRedevelopment In Progress
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Brownfields Transformation Brownfields Transformation
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Thank YouThank You
Miles BalloggBrownfields & Economic Development
ManagerTBE Group, Inc
(727) [email protected]
Miles BalloggBrownfields & Economic Development
ManagerTBE Group, Inc
(727) [email protected]