Funding Jumpstarts Redevelopment of Vacant FoundryContact: Ryan Londrigan, MDEQ Brownfield Coordinator, firstname.lastname@example.org, 989-891-6072Agency: Environmental Quality
October 5, 2017
An environmental investigation at a vacant foundry in Vassar will identify environmental unknowns to facilitate new development and return the property to productive use.
A Michigan Department of Environmental Quality (DEQ) is providing $60,000 in a brownfield redevelopment grant to the Tuscola County Economic Development Corporation. The grant will help Tuscola County and the City of Vassar characterize potential contamination and determine demolition costs at the 80-acre former foundry. Once the site’s environmental condition is better known, plans can be made to address the contamination and safely redevelop the property.
The most recent property owner Metavation LLC, filed for bankruptcy in 2013. The foundry began operations in the 1920s as the Erb Joyce Foundry Company.
The MDEQ’s Brownfield Redevelopment Program awards grants and loans to local governments to investigate and address environmental conditions on vacant or abandoned properties with known or suspected environmental contamination.
The MDEQ’s grants and loans have resulted in over $4 billion in private investment and nearly 29,000 new jobs over the life of the Brownfield Redevelopment Program. For each dollar invested in environmental cleanup by the MDEQ, an average of $23 is invested in the state’s economy. When brownfields are redeveloped, property values increase both on the cleaned-up site and on other nearby properties, creating new tax revenues for communities. Learn more at www.michigan.gov/deqbrownfields.