Forests
Corrected April 16, 2012 - change to bullet 2 in Quick Facts
VANCOUVER - Thanks to more than $49,000 in provincial Brownfield Renewal funding, 1940 Main Street in Vancouver can begin to be redeveloped.
The Province is providing $49,870 to Epix Developments Ltd. to support initial environmental investigations and remediation planning for this site. Located along a major transportation corridor near the new Olympic Village, this site has a lot of redevelopment potential.
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. These sites have great potential for redevelopment when the issue of contamination is addressed.
The 1940 Main Street site 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
