Brownfields: Redeveloping Environmentally Distressed by Harold J. Rafson, Robert N. Rafson
By Harold J. Rafson, Robert N. Rafson
The main useful, updated consultant for turning Brownfields into Greenfields This ready-to-use, how-to manual--edited via energetic builders who've obtained, remediated, and offered brownfields--gives you a commanding examine certainly one of present day prime environmental matters. choked with the newest hands-on instruments, Harold and Robert Rafson's step by step e-book simplifies the duty of removal the obstacles to redevelopment that plague environmentally distressed homes. Brownfields is going past the criminal and technical concerns that preoccupy different present books, to target the entire serious features of placing jointly a winning brownfields project--mortgages, advertising, and extra. whole with case reports drawn from the authors' personal event, this advisor is needed interpreting not only for proprietors or builders, yet for each stakeholder--from environmental regulators, to bankers, realtors and prospective customers.
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Extra resources for Brownfields: Redeveloping Environmentally Distressed Properties
National Lessons and Trends 58 Chapter Two In December 1994, HUD and the Department of Agriculture named 95 enterprise communities (65 urban and 30 rural), as well as 9 empowerment zones (6 urban and 3 rural). Designation brings several benefits to the selected areas, including $100 million in social service grants for each of the urban EZs, $40 million for each rural EZ, and $3 million for each EC. 5 billion in new tax incentives to induce investment in the targeted distressed areas. Applicant jurisdictions were required to specify how they would use these resources to confront economic distress and unemployment.
National Lessons and Trends 52 Chapter Two programs, and most allow only certain areas to participate, such as economically distressed communities or deteriorating neighborhoods—typical brownfields locations. Tax abatement programs must be carefully designed to target intended beneficiaries without offering unnecessary subsidies, a feat often difficult to accomplish. Because of this, tax abatement programs have numerous critics. Yet the key advantage of tax abatements is that they give local governments a workable, flexible incentive that helps influence private investment decisions.
Oregon is starting a brownfield project pilot insurance initiative as part of the state’s capital access program. This will bring the advantage of environmental insurance to small sites. Connecticut has launched a cleanup program targeted at dry cleaners, who can get up to $50,000 to help with site remediation costs and pollution prevention measures. Funding comes from the state’s 1 percent surcharge on dry cleaning services. Wisconsin is launching a similar initiative. Finally, as indicated in the state program chart, some states are providing funds directly for brownfields purposes.