Grant funding to redevelop brownfield sites

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RICHMOND, Va. (CBS19 NEWS) -- Grant funding is going to several communities in Virginia to support the restoration of brownfield sites, including Charlottesville.

On Wednesday, Governor Ralph Northam announced about $1.4 million in Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund, or VBAF, Site Remediation Grants for eight localities.

According to a release, the VBAF was established to provide either grants or loans to local governments to promote the restoration and redevelopment of brownfield sites and to address environmental problems or obstacles to reuse in an effort to market to new economic development prospects.

“Growing the Commonwealth's inventory of business-ready sites positions Virginia to attract more prospective companies and successfully complete for economic development projects,” said Northam. “This program has resulted in significant investment and job creation and we look forward to partnering with these eight Virginia localities to promote heir restored sites. VBAF remains a key component of our efforts to ensure that every part of the Commonwealth is able to participate in Virginia's economic growth.”

These grants will cover efforts to remediate contaminated property to remove hazardous substances and wastes, demolish and remove existing structures, and other site work necessary to make a site or property usable for new economic development.

“Redeveloping brownfield areas saves greenspace, addresses environmental concerns, makes good use of existing sites, and has a lasting impact on Virginia's communities,” said Secretary of Natural Resources Matthew J. Strickler. “These initiatives are an important driver for the local economy, as they help attract new businesses and residents.”

Charlottesville is getting $62,290. The other localities getting grants include Staunton, the town of Bedford, the town of Vinton, and Amherst, Pittsylvania and Russell counties.

Since it was created in 2011, the VBAF has awarded more than $8 million in grants to restore brownfield sites across Virginia.

For more information on the VBAF, click on the link in the Related Links box.



 
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