By Harold J. Rafson, Robert N. Rafson
The main sensible, updated advisor for turning Brownfields into Greenfields This ready-to-use, how-to manual--edited by way of lively builders who've received, remediated, and bought brownfields--gives you a commanding examine one among modern prime environmental concerns. choked with the newest hands-on instruments, Harold and Robert Rafson's step by step booklet simplifies the duty of removal the obstacles to redevelopment that plague environmentally distressed homes. Brownfields is going past the felony and technical matters that preoccupy different present books, to target all of the serious features of placing jointly a winning brownfields project--mortgages, advertising, and extra. entire with case reports drawn from the authors' personal event, this consultant is needed interpreting not only for proprietors or builders, yet for each stakeholder--from environmental regulators, to bankers, realtors and searching for what you offer.
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Additional resources for Brownfields: Redeveloping Environmentally Distressed Properties
In August 1997, Congress authorized designation of a new round of zones, and HUD is currently developing the selection process. Tax Incentives that Could Influence Brownfield Activities Several existing federal tax incentives could contribute to brownfields redevelopment activities. Industrial development bonds (IDBs), targeted to manufacturing projects, can play an important part in a brownfield reuse or business retention strategy, especially for efforts seeking new industrial uses for old industrial sites.
Other cities are contemplating modifications in their zoning requirements in specific cases to provide developers with the opportunity to earn a greater return on their investments and offset more site preparation costs. New Types of Local Brownfields Finance Initiatives Many brownfields sites have the potential to become economically viable, hosting new business activity and jobs. However, many of these sites require some level of public investment to achieve this viability. Federal and state resources will not be sufficient to address all the prospective site cleanup and reuse possibilities identified by jurisdictions across the country; the large number of applicants for the handful of EPA brownfields pilot sites designated to date is testimony to that.
5 million each year for brownfields grants and loans. And Cheektowaga, NY agreed to a tax abatement swap to promote brownfields cleanup. A local developer wanted a tax break on a hotel he was constructing, and the developer offered to clean up an old steel site in exchange for that tax abatement. This is a new twist on the concept of swapping development rights. Refocusing Existing Local Development Programs Every local government already uses a variety of financial assistance programs and incentives to promote economic and business development; like federal and state programs, local offerings can be more explicitly packaged and promoted for potential developers and lenders to use to clean and rehabilitate brownfields sites.