Navigating Brownfield Financing in a Low-Tide Market
By Jonathan Robbins
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Today’s Market Feels Yesterday’s Mistakes
Weeks after the government takeovers of Fannie Mae and Freddie Mac, the impact
of the subprime mortgage crisis continues. While the financial downturn affects
every avenue of the United States economy, those alleys closest to the real
estate market are feeling it the most, even in the relatively removed
brownfield market. Scott Beckerman, vice president and manager of Comerica Banks’ Environmental Risk Management Group, said he’s seen banks shy away from brownfield projects they previously would have helped
fund.
“We’re in different and strange economic times, and some banks that in the past
would have lent on these types of projects are now hesitant to do so,” Beckerman said.
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Industry Profiles
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Heidi Wellen
Internal Operations Manager, Gateway Environmental Service Inc.
Highland, IL |
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Jason Seyler
Hazardous Substance Brownfield Coordinator, Montana Dept. of Environmental Quality
Helena, Mont. |
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Count On It
  28 percent approximate amount of all energy used in the Unites States for transporting people and goods from one place to another.
Source U.S. Department of Energy
 200-300 estimated number of hydrogen-fueled vehicles in the United States today
Source U.S. Department of Energy
 9,783,000 number of barrels of crude oil the United States imports each day.
Source U.S. Department of Energy
 1 million number of gallons of fresh water that can be contaminated from the used oil from one oil change.
Source U.S. Environmental Protection Agency
 20 million number of people that celebrated the first Earth Day on Aril 22, 1970.
Source U.S. Environmental Protection Agency
 $2.3 billion amount President Obama awarded for clean energy manufacturing projects across the United States
Source U.S. Department of Energy
 509 approximate number of operational landfill gas (LFG) energy projects currently in the United States. LFG electricity generation projects provide the energy equivalent of powering more than 920,000 homes annually
Source U.S. Environmental Protection Agency
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Related Resources
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