Chew's News

Brownfield opportunities in Port Colborne

Posted by Greg Chew on May 26, 2015 1:40:16 PM

Estimated reading time: 3 minutes

port_colborne_brownfields

Community Improvement Plans (CIP) provide a variety of financial incentive programs to encourage redevelopment in key areas. As part of an ongoing series, I will be assessing the CIPs of specific areas within the Greater Horseshoe. Today, I will be focusing on Brownfield sites in Port Colborne.

The City of Port Colborne, in recent years, has taken on a variety of incentive programs in order to promote economic growth and invement within the city. With heavy focus on the manufacturing and logisitcs sectors, the City offers: Brownfield CIPs, an Industrial CIPs and the Niagara Gateway Economic Zone and Centre CIPs. 


Port Colborne’s brownfield overview

The majority of Port Colborne’s brownfields are located along the waterfront or close to the downtown area. Economically this is a concern for the city, as these properties reduce local property values, employment opportunities and limit opportunity for development. The redevelopment and rehabilitation of Port’s concentrated brownfields could signal further revitalization of both its waterfront and harbour area.

In 2008, during the development of the city's brownfield strategy, 38 potential sites were identified across the city, 17 of those sites lined the waterfront or the canal. The sites are both privately and publicly owned.


Brownfield incentives available

The city offers the following ‘toolkit’ of financial incentives for brownfield rehabilitation and redevelopment.

 

Feasibility Study Grant Program

  • Encourages investors to undertake project feasibility studies

  • Provides a 50-50 grant matching program, maximum grant of $7,500


Environmental Site Assessment Grant Program

  • Encourage investors to undertake an Environmental Site Assessment (ESA), Phase 1 ESA cannot be applied to this grant  

  • Provides a 50-50 grant match program, maximum grant of $15,000 per study

  • Two studies may be undertaken per property with a max grant of $25,000


Brownfield Property Tax Assistance Program

  • Encourages investors to remediate and rehabilitate Port brownfield sites

  • Cancels part or all of the parcels property tax increases during the development period

  • Ceases after three years or when the tax assistance equals the total eligible costs

Brownfield Rehabilitation Grant Program

  • Provides grants to assist in paying for the remediation, rehabilitation and non-environmental rehabilitation costs that were not disbursed through the Brownfield Tax Assistance Program

  • Provides payments annually for up to 12 years, payment commences when the final assessment and build inspection has taken place

 

Building Permit Fee Grant Program

  • Provides grants to assist with new construction and re-use capabilities on former brownfield sites

  • Provides a grant worth 100% of the building permit fee, grant to be issued once terms of application are complete

For detailed outlines of each financial incentive offered click here

 

Through the comibination of marketing, CIP incentives and the economc development strategy action plan, the city will experience revitalization. Connect with me for more information on brownfields or commercial and industrial opportunities in Port Colborne. You can also read about Niagara Falls brownfield redevelopment opportunities as well as Welland's by clicking the city's names. 

Connect with Greg Chew

 

Topics: CIP, Brownfields

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