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Palmetto Community Redevelopment Agency


Project


Site / Project Name

Edenfield Property

Brownfield Site Address

505 5th Street West

Site Owner

Palmetto Community Redevelopment Agency

Clear Title

Yes

Owner Contaminator

No

Former Use

Railroad

Land Use

Vacant

Infrastructure

railroad adjacent to west
Industrial to west and north
Manatee River to south

Assessment Level

Phase 2

BSRA with state

Contaminants

Arsenic

Cleanup Program

Yes

Florida Brownfield BSRA

Remediation

No

Developer

No

Future Use

Industrial

State is building passenger light rail, could be a depot

Financing Tools: Federal Programs

USDA B&I, Brownfield

Financing Tools: State Programs

Brownfield, CDBG -ED

Financing Tools: Funds Committed

CRA Incentives

Challenges

Financing; Attracting Developer; Adopting a Redevelopment Plan for the site; Assessment and Cleanup of property

Technical Assistance

New Markets Tax Credits; Bonds; EB-5
Disclaimer: This publication was developed under Assistance Agreement No. TR-83576801-0 awarded by the U.S. Environmental Protection Agency. It has not been formally reviewed by EPA. The views expressed in this document are solely those of Council of Development Finance Agencies and EPA does not endorse any products or commercial services mentioned in this publication.