Brownfields Redevelopment: Understanding Your Environmental Responsibilities - 10/15/2009 Back |
 An article by William A. Kovach, Senior Project Manager, titled "Brownfields Redevelopment: Understanding Your Environmental Responsibilities" appeared in the May 2009 edition of Modern Contractor Solutions magazine.
Brownfields are properties that have, or may have, contamination or the stigma of contamination that hinders the reuse of land for new development. The lure to these properties is great–seemingly prime, large tracts of land being sold for relatively inexpensive prices; the vision of unrestricted development; putting commercial or industrial buildings or residential communities on these lands and reaping a great return. To further entice the prospective buyer, the government offers reimbursement programs for qualified properties, through tax incentives and urban enterprise tax zones. A thorough understanding of environmental regulations and requirements is critical to understanding the potential costs and liabilities related to environmental considerations associated with most Brownfields sites. |
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