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National Brownfield Forecast

Ten years after the start of the federal Brownfields Initiative and five years since enactment of the national Brownfields Law, 2007 provides a vantage point for looking toward the future of national brownfield efforts and the brownfield market. The collective accomplishments under the brownfield banner have surpassed all expectations. EPA’s Brownfields Program grantees alone report leveraging more than $8.5 billion in cleanup and redevelopment funding, leveraging almost 40,000 jobs, and assessing more than 8,600 properties. Similarly, state voluntary cleanup and other response programs continue to evolve and are now handling more than 50,000 properties—a 10-fold increase over the last decade. These numbers reflect the tremendous wave of activity that continues to build. Where next for brownfields? Deal Making The coming years will find an increased focus on regional, state and local opportunities for bringing stakeholders together, putting deals together and learning about the latest approaches and resources.  General outreach and…Log In to Read Full Article

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