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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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Industry Profiles
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Deana Carillo California
Program Manager for the California Recycle Underutilized Sites - CALReUSE
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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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Susan Boyle
Mt. Laurel
Senior Environmental Practice Leader, GEI Consultants
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