SME is working with the City of Kokomo Coalition to implement two United States Environmental Protection Agency (US EPA) Assessment Grants and a Revolving Loan Fund (RLF) grant that were secured by SME. The Coalition received a $450,000 grant for the assessment of hazardous substances sites, a $50,000 grant for assessment of petroleum sites, and a $700,000 (RLF) grant. Additionally, SME closed out the $400,000 grant for the assessment of hazardous substances sites, as well as a $200,000 grant for the assessment of petroleum sites in spring of 2017.

The various projects supported by the assessment grants include a new parking garage structure and residential complex (critical to the redevelopment of a brownfield associated with a new $10M downtown YMCA), and a downtown loft market rate housing/commercial complex on the site of former industrial plants.

RLF ACTIVITIES INCLUDE:

Developing a Quality Assurance Project Plan (QAPP)
Training on RLF procedures for Coalition members
Developing policy and procedures for making RLF loans
Developing Analysis of Brownfields Cleanup Alternatives (ABCA)
Preparing Decision Memorandum, Community Involvement Plan
Screening potential redevelopment projects for loan eligibility

ASSESSMENT ACTIVITIES INCLUDE:

38 Phase I assessments
21 Phase II assessments
3 Hazardous Materials assessments- asbestos/lead bearing paint surveys
1 Cleanup Plan
7 State of Indiana Comfort Letters
EPA Brownfields Program reporting
Outreach assistance

HIGHLIGHTED PROJECT FOR THE COALITION:

Since 2007, the former Northern Indiana Supply Company (NISCO) site sat empty. The property consisted of five parcels totaling 1.8 acres of land with two vacant, 4-story brick industrial buildings including 63,000 square feet. Located in a prime location on Wildcat Creek in a residential and commercial area south of downtown Kokomo, the environmental condition of the property presented a barrier to redevelopment because of the historical manufacturing of automobiles, blacksmithing, plating, machining, automobile painting and gasoline storage on-site. With funding from the US EPA, SME conducted Phase I and Phase II environmental site assessments and geotechnical investigations, as well as hazardous materials assessments of the vacant buildings to pave the way for redevelopment.



In early 2016, Mayor Greg Goodnight unveiled details of what the City is calling their largest downtown investment in Kokomo's history. Indianapolis-based Flaherty & Collins is developing a $32 million mixed-use redevelopment at the former factory site, which will transform the neighborhood and streetscape of both South Main and South Union Streets while preserving aspects of the original historic façade. This new development will include nearly 200 luxury apartments and 5,000 square feet of retail space. The project will help attract workers who commute from outside Kokomo due of a lack of housing options. Flaherty and Collins plans to open the new community in the spring of 2018.