“What’s not impacted right now, the most immediate deadline is the design work,” Kezer said. “That’s proceeding and there’s no impact on the design work phase.
Some possible sources of funding that Kezer said the city would look towards include Mass Development Grants, Merrimack Valley Planning Commission Grants and other EPA funds. The city could also look towards setting up a District Increment Financing (DIF) program.
“It allows you to borrow against the economic activity in that district from the development, so it dedicates new growth from a project to that project,” Kezer said.
Over the next few weeks, Kezer said he would continue to discuss the situation with members of the Brownfield Support Team, which includes high-level officials from various state and federal agencies that are dedicated to helping projects like the Lower Millyard come to fruition.
“I said from the beginning, this is a very complex project, there are a lot of moving parts, and there will be setbacks along the way,” Kezer said. “But the key component is we have the authorization from the City Council, we have the support from the state, so the whole idea for the existence of the Brownfield Support Team is to deal with these kinds of issues, to make these types of project get accomplished despite whatever setbacks come along.”