Re: Brownfields & Petroleum

["Kathy L. Dalton" <kd@well.com>]

Revolving funds in general (not just this EPA clean water fund) would seem
to be a good idea for those brownfields that will be developed by or for
the private sector. The trick would seem to be adequate capitalization of
the fund, and some loan guarantee or work out strategy for projects that
don't go to completion.

I believe you folks at Northeast Midwest have been looking at lots of
financing plans. How many states or other entities have set up such funds?

And is there enough of a track record with any of these to evaluate them yet?


>Alan raises a good financing option.  In fact, Ohio is the leading state in
>terms of using the revolving fund for brownfield purposes.
>Charlie Bartsch