Downtown’s Project Scarlet among projects awarded new brownfield grants
Most of those grants were for more than $2 million, the largest of which hit $2.5 million. The Land Bank owns two of the properties that were awarded grants and will administer grants for the other six projects, said Land Bank spokeswoman Rachel Trem.
A grant of $2.5 million was awarded for cleanup and remediation work at a former thermal steam plant along the Cleveland riverfront. That grant will support the demolition of the plant, which the state says will then be part of a $3.5 billion Bedrock development, along with public infrastructure improvements. It’s the project’s 10th round of such funding to date.
Read the full article on Crain’s Cleveland Business HERE.