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Petroleum Cleanup and Redevelopment Fund

The Petroleum Cleanup and Redevelopment Fund (Redevelopment Fund) has been created to support the investigation and cleanup of contamination at abandoned former gas stations and other petroleum storage tank properties that have been unaddressed for decades, mainly because these unregulated former storage tank sites were not eligible for reimbursement from the Petroleum Storage Tank Fund.

The Colorado Department of Labor & Employment, Division of Oil and Public Safety is now accepting applications to the Redevelopment Fund. The division has created a guidebook to assist property owners in understanding the application process and how the fund can assist in reducing the risk and uncertainty that has previously complicated the sale, reuse or redevelopment of their petroleum storage tank properties.