Saturday, December 17, 2022

Brownfield grants reveal progress on many projects

The Peninsula, a 316-unit residential community on Scranton Peninsula
in Cleveland’s Flats won more than $6 million, representing the largest
Ohio brownfield grant awarded in Cuyahoga County. That funding, plus
tax-increment financing from the city of Cleveland, will help the project
overcome rising construction  costs and interest rates, say its developer
NRP Group (BKV). CLICK IMAGES TO ENLARGE THEM

Ohio Gov. Mike DeWine announced $88 million in state support for 123 brownfield remediation projects that will help clean up hazardous and underutilized sites throughout the state. The Ohio Department of Development is funding the awards through the Ohio Brownfield Remediation Program, which is designed to clean up and prepare hazardous brownfield sites for redevelopment. The projects announced today will impact communities in 35 counties across the state.

READ MORE

No comments:

Post a Comment