This presentation discusses New Jersey's brownfield redevelopment process and public funding options available for investigation, remediation, development, and site improvements. It provides an overview of state programs like the Hazardous Discharge Site Remediation Fund that provides grants of up to $5 million per year for brownfield assessment and cleanup. Additional funding options discussed include tax credits, loans, and private financing. The presentation concludes with a case study of the Paterson Great Falls National Historic Park brownfield redevelopment project that received over $5 million from the HDSRF for investigation and remediation activities.

1. New Jersey’s
Brownfields Redevelopment
Resources
Presentation to New Jersey Future 2016 Redevelopment Forum
Presented by: Michael Sylvester
March 11, 2016

2. NJ’s Brownfield Redevelopment
Process
•Planning and Predevelopment
•Development
Investigation and Remediation
Site Infrastructure and Improvements
•Post Development
INNOVATIVE|EXPERIENCED|RESPONSIVE
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3. Public Funding For
Investigation and Remediation
• EPA Brownfield Assessment, Clean-up and
Revolving Loan/Grants
• NJ’s Hazardous Discharge Site
Remediation Fund (HDSRF)
NJDEP-OBR-Brownfield Development Areas (BDA’s)
Up to $5MM/Year for PA/SI/RI/RA Grants
$$ Available on First-Come First-Served Basis
Note: 28 BDA’s, $21M current available funds, 97 pending apps totaling approx. $32M
INNOVATIVE|EXPERIENCED|RESPONSIVE
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4. Additional Funding Options For
Investigation and Remediation
• Brownfield and Contaminated Site
Remediation Reimbursement Program
• Environmental Infrastructure Trust (EIT)
• Tax Credits
• Fixed-Priced Cleanups
Eliminates Cost Uncertainty
Can Be Used To Secure Funding
Provides Realistic Completion Timeline
INNOVATIVE|EXPERIENCED|RESPONSIVE
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5. Funding Options For Development,
Infrastructure and Site Improvements
•Economic Redevelopment and Growth
(ERG) Program & GROW NJ Program
•Redevelopment Area Bond (PILOTS)
•Revenue Allocation District (TIFS)
INNOVATIVE|EXPERIENCED|RESPONSIVE
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6. Funding Options For Development,
Infrastructure and Site Improvements
•NJEDA Tax Credit Programs
•Bond Financing
•Loans and Guarantees
•Other Tax Incentive Programs
•Private Funding Options
Debt
Equity
INNOVATIVE|EXPERIENCED|RESPONSIVE
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7. New Jersey
Brownfield Redevelopment
“Think Broadly To Include Public / Private
Funding As Options To Support Your
Redevelopment Efforts.”
INNOVATIVE|EXPERIENCED|RESPONSIVE
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8. Paterson Great Falls National
Historic Park
Obtained BDA designation In
2005
• Assembled 27 targeted
brownfield sites in BDA
• Obtained over $5M from
HDSRF to date for Investigation
& Remediation Activities
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Note: Additional funding sources include the River Walk & 2.5 acre Quarry Lawn, NJDEP
Green Acres, Passaic County Open Space Fund, NPS Land & Water Conservation Grant with
Possible GFNP matching funds (NPS) and EPA CERCLA for asbestos remediation.

9. Paterson Great Falls National
Historic Park
• 2007-2009 NJ State Park
Master Plan adopted
• 2009-City Received
National Parks designation
by Obama Administration
• 2014-National Parks
Welcome Center opened
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10. Paterson Great Falls National
Historic Park
• 2015-Completed Mary Ellen
Kramer Park
• 2016-Overlook Park and ATP
sites
Public investment starting to create
preliminary economic development
activity throughout district!
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11. Contact Information
•Michael Sylvester
• Executive Vice President
• Michael.Sylvester@ewma.com
• (973) 560-1400 ext. 187
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INNOVATIVE|EXPERIENCED|RESPONSIVE