RICHMOND, Ind. (AP) — The city of Richmond is set to receive a $500,000 interest-free loan for cleanup of a former hospital property.
The (Richmond) Palladium-Item reports that the U.S. Environmental Protection Agency granted the supplemental award to the Indiana Brownfields Program’s Revolving Loan Fund. The fund helps provide funding for redevelopment on land contaminated with hazardous waste or pollution.
A press release from the state program says the former Reid Hospital site contains subsurface contamination including arsenic, chromium, lead and lithium.
The loan will be used to help prepare the property for development. The city estimates that it will cost up to $6 million to take care of the contamination and demolish buildings on the 74-acre site.