Corrected April 16, 2012 - change to bullet 2 in Quick Facts

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PRINCETON - Thanks to $23,035 in provincial Brownfield Renewal funding, the Town of Princeton can begin to redevelop the former dry cleaning site at 167 Bridge Street.

The Province is providing $23,035 to the Town on Princeton for early stage site investigation work to redevelop this former dry cleaning site as part of the town's plan to revitalize its downtown core.

The Brownfield Renewal Funding Program is designed to encourage more brownfield redevelopment across British Columbia. Brownfields are abandoned, vacant, derelict, or underutilized commercial and industrial properties, where past actions have resulted in actual or perceived contamination.

167 Bridge Street is one of 16 successful projects across British Columbia awarded more than $730,000 through the Brownfield Renewal Funding Program today.

For a full list of recipients, visit: http://ow.ly/6iQ6B

Quick Facts:

• Since its creation in 2007, the Brownfield Renewal Funding Program has provided more than $4.2 million to support brownfield redevelopment.
• This program has funded 60 projects in 44 communities across B.C.
• Redeveloped brownfields increase local tax revenue from previously underutilized properties, reduce greenhouse gases from urban sprawl and generate sustainable land stewardship.
• The B.C. Brownfield Renewal Strategy has been recognized with two Brownie Awards from the Canadian Urban Institute for leadership in brownfield renewal.

Learn More:

B.C. Brownfield Renewal Strategy: www.brownfieldrenewal.gov.bc.ca

Contact:

Cheekwan Ho
Media Relations
Ministry of Forests, Lands and Natural Resource Operations
250 356-5261