Vermilion Co. approves blighted property demolition program
Per the agreement, Vermilion Advantage will serve as the administrator of the program and bear all administrative costs. The county will provide a one-time grant of $400,000, which will come from interest made on ARPA funds.
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The following costs are eligible to be paid for with money provided by the county:
Demolition costs
Environmental remediation
Site stabilization
Administrative and legal costs incurred by local governments requesting awards from BREDP
Mike Marron, CEO of Vermilion Advantage, said this program will help communities tackle blighted properties in the area.
Bunge announces sale of its Danville facility
Vermilion Advantage thanks Chairman Miller and the County Board for their appropriation for the Trustee Demolition Program that passed the board last night. This is a strong first step, investing in communities around the County, helping them address the blight issue, and strengthening those towns and villages for future economic development.
Mike Marron
The funds will be provided as a matching grant, which means that the community the demolition is taking place in will pay for half of the cost. If the program ends before the $400,000 is used up, the money will go back to the county.
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