On Monday, Ohio state officials released the names of three historic buildings that will benefit from Ohio’s Brownfield Revolving Loan Fund – Toledo’s Madison Building, Cleveland’s Agora Theater, and Youngstown State University’s Garfield Building. The three will each receive $200,000 to help remove asbestos from the buildings. The Brownfield Fund was started with a grant from the Environmental Protection Agency and offers below market-rate loans to non-profit and government bodies for property cleanup. An application process is required and money is available for asbestos, petroleum, and hazardous substance removal.
Asbestos, a naturally occurring fiber with fire-resistant properties, was used in many products throughout the construction industry before it was found to cause health problems like mesothelioma. As a result, a number of older buildings still contain the deadly carcinogen. It can be very expensive to remove and dispose of the material, most often requiring a certified professional. That is why it is nice to see that buildings and land with historic significance can benefit from the low cost loans and grants from a program like the Brownfield Revolving Loan Fund.
Have you or a loved one been exposed to asbestos? An asbestos attorney may be able to help.