$1 million federal grant to help fund brownfield cleanups in Keene area
Economic development groups says loan fund to be launched in fall
Keene area property owners will soon be able to apply for financial assistance in cleaning up contaminated sites thanks to a $1 million grant the U.S. Environmental Protection Agency announced Thursday that it’s awarding to Monadnock Economic Development Corp.
MEDC was one of 10 agencies in the country to receive the grant to establish a revolving loan fund to clean up brownfields, according to Executive Director Cody Morrison.
“This gives the region another tool to use in support of community revitalization,” he said.
According to the NH Department of Environmental Services, brownfield sites are properties for which reuse or redevelopment may be hindered due to the presence or potential presence of a hazardous substance, pollutant or contaminant. The state agency lists more than 40 of these properties in Cheshire County.
They include the former Kingsbury manufacturing site in Keene near Marlboro Street, a former Electrosonics Inc. building on Route 9A in Spofford and the former W.W. Cross tack factory on Webster Road in Jaffrey.
Morrison said MEDC plans to launch this new loan fund in the fall, allowing for municipal and private owners of brownfields to apply for grants and loans to clean the properties and potentially spur new development. MEDC will loan money to be paid back with interest, which Morrison said will help maintain the fund.
“For several reasons, commercial sites become contaminated, which can impact public health and make the site undevelopable,” he said. “Brownfield properties are generally old factories, laundromats, dry cleaners and gas stations. The goal of the program is to improve lives by helping the environment, improving public health and growing the local economy.”
Morrison said the new MEDC fund will assist owners and developers with assessing properties for any potential contamination and can help with expensive cleanup costs if needed.
The EPA website explains that assessing brownfield sites is a multi-phase process that begins with examining property records and databases, inspecting the site and interviewing owners, developers and past workers to determine whether there is known contamination.
If there is, a Phase II assessment is conducted, during which chemicals of concern are identified and groundwater, soil and other parts of the sites are sampled and tested. Cleanup would follow.
“With the diversity of our funding through offering grants and loans, we can partner with a municipality or a property owner to identify what is in the ground and chart a path forward to their development,” Morrison said.
He added that on top of rehabilitating a property for redevelopment, the cleanup process also makes properties eligible and more desirable for resale.
“This is a tool that will ultimately help get to that point where it does change hands,” he said. “Look at it this way, you wouldn’t want to buy a used car that needs a lot of maintenance.”
Morrison said MEDC will begin accepting applications in the fall after the agency determines how to manage the program over the summer.
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