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NEWS
Eight Virginia Localities To Receive Site Remediation Funding Grants
March 6, 2019

The award of approximately $1.4 million in Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund (VBAF) Site Remediation Grants for eight localities in the Commonwealth, including Amherst, Pittsylvania, and Russell Counties; the Cities of Charlottesville and Staunton; and the Towns of Bedford, Big Stone Gap, and Vinton has been announced.

Established to provide either grants or loans to local governments to promote the restoration and redevelopment of brownfield sites and to address environmental problems or obstacles to reuse in an effort to effectively market to new economic development prospects, VBAF is a partnership program between the Virginia Economic Development Partnership (VEDP) and the Department of Environmental Quality (DEQ).

The General Assembly allotted funds for Fiscal Year 2019 to be used for Site Remediation Grants in amounts of up to $500,000. The Site Remediation Grants will cover efforts that include: remediation of a contaminated property to remove hazardous substances and wastes, the demolition and removal of existing structures, and other site work necessary to make a site or property usable for new economic development. In addition to Site Remediation Grants, Site Assessment Grants are available to communities for assistance with environmental and cultural resource site assessments and development of remediation and reuse plans.

VBAF has awarded over $8 million in grants to restore brownfield sites since its inception in 2011. The VBAF program is targeted towards projects or phases of work associated with the restoration and redevelopment of brownfield sites that, by their completion, will generate additional private investment and job creation in the immediate future. Grants were awarded to localities meeting at least one of the following priorities:
• Use or reuse of existing infrastructure;
• Limited ability to draw on other funding sources;
• Potential for redevelopment and reuse of the site;
• Economic benefits; and
• Environmental benefits.

Virginia Brownfield Restoration and Economic Redevelopment Assistance Fund Awards include: Amherst County – $295,000; Town of Bedford – $220,000; Town of Big Stone Gap – $44,398; City of Charlottesville – $62,290; Pittsylvania County – $99,800; Russell County – $215,000; City of Staunton – $431,200; and the Town of Vinton – $39,000.

For more information on the Virginia Brownfield Restoration and Economic Redevelopment Assistance Fund program, visit the VEDP website.


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