By Raquel Jones, Intern
The Columbus City Council is expected to approve grant money from their Green Columbus Fund sometime this year to redevelop vacant properties in the city. The Green Columbus Fund is a reimbursement grant program with a budget of $1 million that uses financial incentives to encourage sustainable development and redevelopment. Private businesses and non-profits can apply for grants to either redevelop Brownfield sites or to build green in Columbus.
In 2011, Columbus City Council accredited the first four grants under this program, utilizing almost one-fourth of the entire fund. These grants were awarded to two LEED projects and brownfield assessment work at two sites.
Potential developers of two properties now under consideration for a portion of the grant money hope to be able to conduct site assessment work to see whether or not they should go forward with their idea to build apartments on the site. Also under examination by the Columbus City Council is the former location of an old shoe factory on Front Street where the developer of apartments hopes to use the brownfield grant for asbestos remediation and underground tank removal.