City to Receive Brownfield Funding for two Downtown Properties

The City of Victoria will receive more than $180,000 in funding through the Province of British Columbia's Brownfield Renewal Program towards environmental investigation and testing at two City-owned downtown properties. Funding includes up to $161,550 for a vacant lot on Yates Street the City recently acquired through tax sale and up to $25,741 for investigation work in the area known as Ship Point.

The funding allows the City of Victoria as a landowner to better understand the environmental specifics of the properties so their future potential can be determined. Revitalizing the Inner Harbour waterfront is one of Council's strategic priorities.

Environmental investigation is now underway for both properties. Ship Point includes City-owned lots of 940, 946, and 1000 Wharf Street. 940 and 946 are currently used as a parking lot and for special events and festivals. 1000 Wharf Street is currently leased to West Coast Air for a float plane terminal. 1012/14 Yates Street is currently a vacant lot and the former site of a dry-cleaning business.

A brownfield is considered an underused or abandoned industrial or commercial property, often contaminated and with strong development potential. Environmental analysis is often undertaken at brownfield sites as a first step to gain a better understanding of site conditions and to identify any contamination that may exist in the area.

The Province's Brownfield Renewal Funding Program is available to property owners including local governments, First Nations, non-profit agencies, and businesses. More information is available at http://www.brownfieldrenewal.gov.bc.ca/