[CPEO-BIF] National ACME Company site, Cleveland, Ohio

[Lenny Siegel <lsiegel@cpeo.org>]

JOHNSON ANNOUNCES $750,000 IN CLEAN OHIO FUNDS

FOR IMMEDIATE RELEASE
Ohio Department of Development
July 10, 2006

Columbus, OH -- Lieutenant Governor Bruce Johnson today announced that a 
$750,000 Clean Ohio Assistance Fund (COAF) grant has been awarded to 
Cuyahoga County to assist in the demolition and remediation of the 
former National ACME Company site, located at 170 East 131st Street in 
Cleveland. Once complete, the project is expected to create 30 jobs.

"Clean Ohio funding is designed to help communities transform former 
distressed sites into viable locations for future economic development," 
said Johnson, who also serves as state development director. "By 
preparing this brownfield property for new investment, we are 
demonstrating that 'Ohio Means Business.' I'm confident that the 
partnership Cuyahoga County has formed for this project will result in 
the creation of good jobs for the community."

The 14.24-acre property is owned by Acme Realty, LLC, a property holding 
company for Handl-It, Inc., which plans to utilize the property as 
warehouse and manufacturing space. The total cost estimate for the 
proposed remediation and demolition is approximately $3.6 million. 
Cuyahoga County will contribute $1 million towards assessment, 
demolition and infrastructure activities, while Handl-It, Inc. will 
contribute approximately $1.1 million for the remaining activities.

The State Controlling Board today approved the funds, which were awarded 
from the $10 million COAF. Funds must be used for Phase I and II 
Environmental Assessments, brownfield redevelopment or public health 
projects. Projects eligible for funding are those located in situational 
distressed, inner distressed, distressed or labor surplus cities and are 
evaluated based on economic benefit; environmental improvement, 
including public health benefit; appropriateness and reasonableness of 
the proposed project and the financial condition of the community.


For the original press release, go to
http://www.odod.state.oh.us/newsroom/releases/1615.asp

--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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