Point: What Are the Right Incentives? By Kevin Noell As a developer active in the brownfield sector, it might seem odd to hear me question the financial incentives available for the redevelopment of brownfield properties. But the question facing the industry, I believe, is not whether brownfield transactions need incentives, but which incentives would best spur redevelopment and the number of sites available?

AtN BA’s 2006 international, national and East Coast regional conferences, brownfield developers were asked what they wanted. While we assume financial incentives rank among the highest priority—and there is no denying that they are essential in creating inventories of contaminated sites and site assessments to increase the knowledge base as to the conditions of a specific property—the unanimous responses were: Certainty, consistency and predictability from the regulatory agencies. Reasonable time frames from the regulatory agencies to review and accept documents. ...

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