July 12, 2013 - 1:45 PM
KELOWNA – Our provincial government is investing another $24,825 in the phased redevelopment of an underused parking lot into an opportunity for the Salvation Army to help families in need and get it ready for redevelopment, MLAs Steve Thomson and Norm Letnick announced today. This project is part of the $1.5 million brownfield renewal funding program, which is funding 19 projects in 13 B.C. communities to help turn former industrial sites into usable property.
Why This Matters:
- A brownfield is an abandoned or underused industrial or commercial property, and is often contaminated and has strong redevelopment potential.
- Since its creation in 2008, the brownfield renewal program has provided close to $6 million for 101 projects in over 50 communities. The funding is available to private property owners, including local governments, First Nations, non-profit agencies and businesses.
- The program assists projects in their initial stages by funding site contamination studies and research to develop options for site restoration and redevelopment.
- Renewing brownfield properties can increase commercial space, create employment, improve safety, enhance green space and reduce pressure on existing land.
- The Province estimates that there are between 4,000 and 6,000 brownfield sites, including urban, rural and waterfront locations across British Columbia.
- B.C. Brownfield Renewal Program: http://www.brownfieldrenewal.gov.bc.ca/
News from © InfoTel News Ltd, 2013