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Discover Downtown Middlesboro, Inc.


Project


Site / Project Name

Benevolent and Protective Order of the Elks Home

Brownfield Site Address

2024 Cumberland Avenue, Middlesboro, Kentucky 40965

Site Owner

Discover Downtown Middlesboro, Inc. - 501(c)3 nonprofit org

Clear Title

Yes

Owner Contaminator

No

Former Use

Convalescent home, hospital, apartments, clinic, retail (ground floor)

Land Use

Historic downtown with over 60 brick commercial buildings listed on the National Register of Historic Places.

Infrastructure

US Highway 25E is one mile to the east. This connects with Interstate 81 to the east and Interstate 75 to the west, both of which are an hour away. CSX provides access to Middlesboro that is a terminal stop on the line serving this area.

Assessment Level

Phase 2

Contaminants

Lead, asbestos, mold

Cleanup Program

Yes

Remediation

No

Developer

No

Future Use

Mixed Use

Financing Tools: Federal Programs

$682,637, Federal Rehabilitation Tax Credit (Secured)$250,000, Appalachian Regional Commission (Pending) $200,000, US EPA Brownfield Cleanup Grant (Pending) $1,331,141, New Markets Tax Credit (Pending)

Financing Tools: State Programs

$480,000, Kentucky State Historic Preservation Tax Credit (Secured)

Financing Tools: Funds Committed

See: http://downtownmiddlesboro.org/elks.htm

Challenges

Financing; Attracting Developer

Technical Assistance

Historic Tax Credits; New Markets Tax Credits
Disclaimer: This publication was developed under Assistance Agreement No. TR-83576801-0 awarded by the U.S. Environmental Protection Agency. It has not been formally reviewed by EPA. The views expressed in this document are solely those of Council of Development Finance Agencies and EPA does not endorse any products or commercial services mentioned in this publication.