FOR IMMEDIATE RELEASE
NKADD Awarded $600,000 for Brownfield Redevelopment
Florence, Kentucky – June 2, 2014 – The United States Department of Environmental Protection announced last week that it plans to award the Northern Kentucky Area Development District (NKADD) with a brownfield grant assessment grant for the Licking River Greenway Corridor.
This grant will allocate $600,000 to the Licking River Greenway Brownfield Coalition, with NKADD as the lead applicant and fiscal agent in partnership with the cities of Covington and Newport, to assess brownfield sites assumed or known to be contaminated with hazardous substances.
“This is an exciting award for NKADD and the Licking River Greenway Brownfield Coalition. These funds will allow the communities along the Licking River to make progress in redeveloping their brownfield sites and leverages the redevelopment and investment momentum in the river cities. We look forward to collaborating with Covington and Newport for this endeavor,” said NKADD Associate Director Meghan Sandfoss.
The Coalition was originally formed in 2009 by Vision 2015 and has previously received a $200,000 grant for assessment of brownfield petroleum sites. Under this initial grant, eight brownfield sites were assessed, two of which have been or are currently undergoing redevelopment. In addition, in 2013, NKADD was awarded an $850,000 grant to establish and operate a Brownfields Revolving Loan Fund, which provides low-interest loans to clean and redevelop properties that are known to be contaminated with hazardous or petroleum-based substances, including but not limited to lead paint, asbestos, gasoline and underground storage tanks.
One such project that has benefitted from NKADD’s previous rounds of funding is the redevelopment by the Center for Great Neighborhoods of 311 Orchard Street in Covington, which will provide parking for the Artist Row House Project when it is completed this summer. Phase I and Phase II assessments were conducted of the site, and the cleanup was financed in part with the Brownfield Revolving Loan Funds.
For more information on the Licking River Greenway Brownfield Coalition or the NKADD Brownfield Program, please contact:
22 Spiral Drive
Florence, KY 41042