Re: Brownfields & Petroleum

[Charles Bartsch <cbartsch@nemw.org>]

To respond to Kathy Dalton's questions...I have to check through my tally,
but several states are using a RLF mechanism to assist brownfield
redevelopment.  In terms of track record...most of these efforts are just
getting off the ground.
Charlie Bartsch

At 09:15 AM 5/6/99 -0700, you wrote:
>
>Revolving funds in general (not just this EPA clean water fund) would seem
>to be a good idea for those brownfields that will be developed by or for
>the private sector. The trick would seem to be adequate capitalization of
>the fund, and some loan guarantee or work out strategy for projects that
>don't go to completion.
>
>I believe you folks at Northeast Midwest have been looking at lots of
>financing plans. How many states or other entities have set up such funds?
>
>And is there enough of a track record with any of these to evaluate them yet?
>
>
>>Alan raises a good financing option.  In fact, Ohio is the leading state in
>>terms of using the revolving fund for brownfield purposes.
>>Charlie Bartsch
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