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By Peter Hollingworth
 According to the N BAs (N BA), there are approximately 500,000 and probably more than 1,000,000 brownfield sites in the United States alone, representing 2.5 to 5 million acres. They further estimate that environmental hazards are present in 20 to 50 percent of all existing industrial real estate properties, devaluing such by as much as $2 trillion. In addition, with the adoption of the Sarbanes-Oxley Act of 2002, and the Financial Accounting Standards Board Interpretation Number (FIN) 47, companies are required to estimate and report the extent of the cost of their liability for their contaminated sites.
This may force a large and growing number of companies to put their mothballed contaminated sites onto the market. Further, advances in cleanup or remediation technology are making more and more brownfields economically developable. Estimates vary, but those in the brownfield industry generally agree that anywhere from 80-95 percent of these sites could be profitably redeveloped.
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Renewal Magazine
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With the Washington budget showing no signs of a quick-and-easy resolution, federal brownfields programs are unlikely to get much of …
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Brownfields and crop development—for the express intent of producing foods—are concepts that have always been strange bedfellows. Mutually exclusive. An…
At this abandoned, blighted factory—consisting of 187,227 square feet in 21 different structures on 13.5 acres in the three…
PROJECT GOAL: To revitalize land that had been sitting idle for years by putting the property back into productive…
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Industry Profiles
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Aaron Scheff Idaho
Brownfield Response Program Manager, Idaho Dept. of Environmental Quality
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Amy Steinmetz Montana
Petroleum Brownfields Coordinator, Montana DEQ
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Roger W. Gingles Baton Rouge, La.
Brownfields Coordinator for the Louisiana Dept. of Environmental Quality
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Brownfield Stateside Report
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by Staff Report
In Michigan, some are predicting a better business climate for redevelopment and regulatory closure of contaminated properties thanks to a bill Michigan Governor Rick Snyder was scheduled to sign last week. The new regulations should have a positive impact on commercial real estate development and brownfields redevelopment resulting in the creation of jobs. |
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by VeruTEK
A property located on a bank of the East River and in a densely developed residential and commercial area, had its work cut out for it from an environmental remediation standpoint. The mission was to clean up the land and ultimately make one puzzle piece to a larger urban revitalization project that would be redeveloped as a public library and park ranger station.
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Industry Experts
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Susan Boyle
Mt. Laurel
Senior Environmental Practice Leader, GEI Consultants
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