Federal infrastructure funds are doubling the pace of transforming derelict sites.
Over the last quarter-century, Florida has helped to transform almost 200 contaminated sites into clean community hubs. The pace of the redevelopment is about to pick up dramatically.
Developer Roxanne Williams, who turns some of those derelict sites into places where she would be comfortable spending an afternoon with her grandchildren, is happy that a big bump in federal infrastructure funding for brownfield redevelopment is flowing into Florida.
“It will absolutely be a boon for brownfields,” says Williams, principal at St. Petersburg-based Mosaic Development, which last year won one of three Florida Brownfields Association awards for best innovative redevelopment with a positive community impact. Mosaic’s award-winner is Gallery 3100 in St. Petersburg, a Class A apartment building with 9% of the units reserved for workforce housing. The $27-million redevelopment rose on a two-acre brownfield site in an opportunity zone. Mosaic demolished an abandoned bank building and removed debris that had accumulated around it for decades.
More info here