Positive Impacts on Our Community
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.
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.