What does the assessment project mean for Montrose residents?
This is truly a community project and participation, questions, and open discussion are vital to its success. All types of interest and participation are anticipated and some of the rewards are highlighted below.
Quality Place – Improve the vitality of downtown and create connections to the river trail.
Improved tax base – Putting new businesses on vacant land.
Economic gain – Surrounding neighborhoods often increase in value when these areas are improved.
Increased tourism – In areas that may not currently be attractive.
Health of the environment – Cleaning up areas of contamination.
Safer Neighborhoods – Areas that are rundown attract crime, rehabilitation brings safer neighborhoods.
Community Pride – It’s a place people want to be.
There are hundreds of examples across the country of success stories. Old gas stations and industrial yards becoming new coffee shops and local schools; riverfront landfills becoming vibrant breeding grounds for aquatic life, and growth of downtown marketplaces on top of historic industrial sites. If you’re excited about this project and want to learn more, the following links can take you to a myriad of completed EPA brownfield renewal projects across the country. What they all have in common is the creation of vibrant, active and cohesive communities.
Positive Economic and Community Impacts
Studies indicate that brownfield redevelopment in communities across the nation lead to:
Positive Employment and Investment Impacts – Over 50,000 jobs and $14 billion in new investment stemmed from use of EPA Brownfield Grants and resulting redevelopment.
EPA Brownfield Grants leverage investment ranging from $1/public investment to nearly $20/total investment
EPA Brownfield Grants leverage one job for every $5,700 in public costs, as compared with $35,000/job for U.S. HUD and U.S. SBA grants.
Cleanup and redevelopment lead to property value increases between 5-15% for properties within ¾ mile from a redeveloped brownfield site.
Direct generation of local tax revenue and lower investment in infrastructure on “Greenfields” is an added benefit.