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Brownfield Redevelopment: Problem or Profit?

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…Log In to Read Full Article

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Writing for Dollars: Winning Grants for Redevelopment

Securing brownfields redevelopment funding through the U.S. EPA involves a competitive process that requires submitting a grant proposal. The proposal must detail the type of grant sought, the work proposed, the additional funding that could be secured to guarantee completion, how the work will be implemented to safe guard effective… Read more

Oregon Land Bank Is Branching Out in 2016

As in many states throughout the country, the redevelopment of contaminated real property in Oregon’s urban, suburban, and rural communities is a problem. In the Portland metropolitan region alone, there are approximately 2,300 brownfield properties, covering approximately 6,300 acres that represent almost 7% of all commercial/business properties within the Metro… Read more

Redeveloping Brownfield Properties — A Simple Guide to Success

So — you want to redevelop your brownfield site and you are wondering what steps to consider? If you are a developer, a municipality, or a non-profit organization there are several initial questions and actions to consider. In my experience there are three items that you should always explore: Potential… Read more



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