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By Charlie Bartsch, Kevin J. Daehnke, Daehnke Cruz Law Group, LLP, Bruce Rasher, CB Richard Ellis, Leo M. Rebele, Brownfield Services Manager, Gannett Fleming, Inc.
 Background of Problem: In the wake of the recent economic downturn, Brownfields deals are more difficult than ever. With a glut of non-contaminated properties throughout most urban areas, the added stigma of contamination makes it even less likely that a property will be sold and developed. Many holders of contaminated properties are finding it difficult, if not impossible, to find buyers for their properties, even if the property price is discounted significantly. A nd the list of vacant or underutilized, contaminated ("Brownfield") sites continues to grow, especially as more and more non-renewed auto dealerships and local factories shut down.
Given this disheartening marketplace for Brownfield transactions, the need for creative new solutions is greater than ever. This is true especially as we see an increased focus on transit-oriented development and other Smart Growth initiatives. In order for these critical local developments to proceed, innovative Brownfields strategies must be employed.
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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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Timothy Murray Boston, Mass.
Lieutenant Governor, state of Massachusetts
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Jon M. Williams Buffalo, N.Y
Founder, Ontario Specialty Contracting, Inc. (OSC)
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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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