Project type: Assessment
Activities: The Regional Brownfield Partnership has awarded 300 Broad Street Properties LLC. $83,000 in petroleum assessment funds to conduct environmental assessment activities inside the combined 175,000 foot facility and surrounding footprint. The site was historically used for a variety of manufacturing and industrial purposes. The century-old manufacturing complex was constructed in 1915 by Wallace Barnes Company and last occupied by Theis Precision Steel until 2019. The now-vacant parcel was acquired by private developers in 2022. A conceptual RAP, supported by Phase II and Phase III reports valued expected remedial costs between $1 million and $3 million. Staff is assisting the property owners to secure additional state funding with the intention to rehabilitate existing interior space to modern manufacturing, industrial, and warehouse facilities. Invested funds are expected to leverage several million dollars in private funding and create dozens of full-time, high-paying jobs.
Project Status: NVCOG has responded to DECD’s Round 17 funding announcement with a $3.7 million application to fill the remaining, limited environmental data gaps and complete remedial activities.