A presentation of the features and benefits of National Grid\'s Brownfield Redevelopment Assistance Program made to Pyramid Brokerage Company\'s NYS sales force in 2006

1. Developing Opportunities
with Distressed and
Environmentally
Challenged Real Estate
Joseph D. Russo
Principal Economic Development Representative
National Grid
George W. Lee, Jr.
Impaired Asset Services Group
NAI Pyramid Brokerage Company
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2. National Grid’s
Brownfield Redevelopment Assistance Program
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3. Program Summary
The BRAP provides grants to fund activities
that lead to the redevelopment of
Brownfield sites. Eligible activities include:
• Electric & gas infrastructure improvements
• Demolition
• Local match for the NYS-DEC’s
Environmental Restoration Program and
the Brownfield Opportunity Area Program
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4. Minimum Program Requirements
To be eligible the applicant must be:
• A municipality or it’s authorized development corporation
(e.g. IDA, LDC)
• A 501 (c)3 or 501 (c)6 not-for-profit corporation working
in partnership with a municipality or it’s authorized
development corporation;
• Be the owner/developer of the eligible property, with the
endorsement of the host municipality.
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5. Minimum Program Requirements
To be eligible the project must:
• Receive electric or gas service from National Grid;
• Have existing electric or gas infrastructure that is clearly
a barrier to attracting commercial or industrial investment
to the property;
• Have a viable commercial or industrial end-use strategy
for the property
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6. Funding Guidelines
• Established annually by National Grid, with approval by the NYS
Department of Public Service, in consultation with Empire State
Development;
• Grants are available continuously – there are no funding rounds;
• Successful applicants execute a funding agreement with National
Grid;
• Funds are released after all program requirements are met and all
work is done. Grants should be viewed by the applicant as
reimbursement for work done and paid for, following approval of the
application and grant award;
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7. Funding Guidelines
• Maximum grant allowable for a project is $200,000 per annum,
per property;
• Eligible applicants may apply for a grant for a new project at the
same property in subsequent years, but no applicant may
receive more than $300,000 in funding per property;
• Program funds are capped at 10% of the total redevelopment
costs for the property;
• If National Grid funds are to be used as matching funds for
other grant applications, National Grid may, based on the
strength of the application, commit funds contingent on other
funding approvals.
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8. Examples of Projects Funded
Buffalo Lakeside Commerce Park – grants to Buffalo
Urban Development Corp. and Certainteed Corp. that
supported redevelopment of a 70 acre former Union Ship
Canal site. Phase II is underway to develop an additional
20 acres.
The Syracuse Center of Excellence Building – a grant is
funding a portion of the cost to build a “clean trench”
through an area of hazardous material.
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9. Examples of Projects Funded
Redevelopment of the former Goldbas and
Washington Court public housing site in Utica
into the Gateway District Urban Industrial Park –
grant funds covered a portion of the cost for
asbestos removal and demolition.
Redevelopment of the Frink America site and
adjacent historic waterfront in Clayton, NY -
grant funds covered a portion of the cost for
asbestos removal and demolition.
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