Thanks to $40,000 in provincial Brownfield Renewal funding, the City of Terrace can begin to redevelop the old Keith Avenue mill site.
The Province is providing $40,000 to the City of Terrace for environmental investigation work to redevelop this former mill site. Today's grant will help the city better understand the extent of contamination, assist in on-site remediation and help attract a potential buyer.
The Brownfield Renewal Funding Program is designed to encourage more brownfield redevelopment across British Columbia. Brownfields are abandoned, vacant, derelict, or underutilized commercial and industrial properties, where past actions have resulted in actual or perceived contamination. These sites have great potential for redevelopment when the issue of contamination is addressed.
This former mill site is one of 16 successful projects across British Columbia awarded more than $730,000 through the Brownfield Renewal Funding Program today.
For a full list of recipients, visit: http://ow.ly/6iQ6B
Steve Thomson, Minister of Forests, Lands and Natural Resource Operations is quoted as stating "We need to look at brownfields like this former dry cleaning site as opportunities. This grant supports the City of Terrace's efforts to grow the local economy while undertaking responsible environmental management."
* Since its creation in 2007, the Brownfield Renewal Funding Program has provided more than $4.2 million to support brownfield redevelopment.
* This program has funded 75 projects in 44 communities across B.C.
* Redeveloped brownfields increase local tax revenue from previously underutilized properties, reduce greenhouse gases from urban sprawl and generate sustainable land stewardship.
* The B.C. Brownfield Renewal Strategy has been recognized with two Brownie Awards from the Canadian Urban Institute for leadership in brownfield renewal.