The CTBLB was approved as a 501 c 3 in 2014. Brownfields are places that have been abandoned or underused because of suspected or known environmental issues. The Connecticut Brownfield Land Bank, Inc. (CBLB) is dedicated to resolving the issues that have kept certain brownfields sites in Connecticut from being remediated and redeveloped. These sites have conditions that have proved intractable to the established real estate marketplace and public funding. Some have sat for more than half a century with ongoing terrifying sources of human health risk and continuing ecological degradation. The CBLB will support the municipal and nonprofit efforts to aggregate private and public investment to cleanup and reuse these sites. The financial returns will be realized over terms longer than traditional market timelines. Pay for success investment in jobs programs and tax increment financing will help underwrite the reclamation. The CBLB will work with municipalities, the State of Connecticut, community stakeholders, social investors and developers to create the processes that will foster successful projects. The Land Bank is working with a number of municipalities, the State of Connecticut and the US EPA to realize these objectives.
1. Signing of contract with City of Ansonia for consulting services regarding 53 acres of brownfields downtown
2. Signing of contract with Town of Southington for consulting services on abandoned, downtown manufacturing site
3. Preparation of draft legislation that will provide Land Banks with the same liability protection and brownfield funding opportunities as municipalities; related discussions with CT DECD, DEEP and EPA
1. Funding for educational outreach activities
CEO meets with community groups and other stakeholders to discuss issues surrounding brownfield sites. Topics include review of types of contamination, human health and ecological concerns, liabilities, funding programs, analysis of reuse potentials, stakeholder participation, public resources. Services are provided free of charge.
Because the Land Bank is new, there are no long term successes. However, we anticipate having blighted sites returned into long term productive reuse.
Land Bank CEO meets with municipal staff to discuss assets and deficits of a site or sites. Data is developed and placed in a proprietary matrix form. A narrative analysis is created that clarifies resources to target. Service is fee based. Initial discussions are provided without charge.
Municipality engages Land Bank to secure funding to address environmental data gaps, cleanup resources, and acceptance into a liability relief program and/or public procurement of site developer. Service is fee based.
The initial focus was outreach to municipal state and EPA Region 1 staff to discuss the concept of the Land Bank as a critical tool for brownfield redevelopment. That outreach has resulted in two contracts, the request for a proposal for a third and discussions about other potential site assistance. If the proposed legislation is passed, it will also be a success story.
Indirect Public Support HelpIndirect public support represents revenue received through solicitation campaigns. This includes funding United Way and other federated fundraising organizations, but does not include donor designated contributions.
Earned Revenue HelpEarned revenue represents income generated in direct exchange for a product or service.Earned income includes income from government contracts.
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