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EPA Awards $500,000 Loan to Dearborn

DEARBORN, MI - City earns revolving fund money to redevelop contaminated property.

By Robert Carr | Updated on August 07, 2000

The U.S. Environmental Protection Agency has awarded Dearborn with $500,000 in revolving loan funds for a pilot program to clean and rebuild contaminated industrial sites.Dearborn is the hometown of Henry Ford and the world headquarters of the Ford Motor Co. Between 1920 and 1960, 17% of the city’s 24.5 square miles was developed for industrial use.

Due to age, changes in technology, abandonment and old operational practices, a significant number of industrial sites are in a state of physical and economic decline or total obsolescence. The pilot program is designed to close the financial gap for projects and encourage cleanup and redevelopment of underutilized and obsolete sites. “The way we’re going, we can offer developers a cheaper, easier method to redevelop brownfields than a cornfield,” says Fred Weiss, assistant director of economic development for the city.

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