The City of Philadelphia is preparing to make its first loan under the Brownfields Cleanup Revolving Loan Fund (RLF) under a cooperative agreement with Region 3 of the U.S. Environmental Protection Agency.

The loan will be used to clean up PCBs (polychlorinated biphenyls) in a portion of the former 86-acre Frankford Arsenal site located along the Delaware River in Northeast Philadelphia. The $350,000 loan will be made to the current site owner to redevelop the site as the Arsenal Business Center.

This will be the first cleanup loan awarded by any RLF grantee in Region 3.

For more information, visit the Region 3 Brownfields Program webpage.

2/25/2005