City & State NewsCool Million California State Treasurer Philip Angelides presented a check for $1 million to San Diego Mayor Dick Murphy as part of a new initiative sponsored by the treasurer. Dubbed California Recycle Underutilized Sites (Cal ReUSE), it is part of the treasurer’s “Double Bottom Line” investment strategy, which focuses on achieving successful investment results while simultaneously broadening economic opportunity in California communities. According to a press release, “Tackling the challenge of brownfields, Cal ReUSE aims to help localities reduce environmental degradation, revitalize neighborhoods and support sustainable growth patterns.” Cal ReUSE provides funding to help communities perform assessments and remediation studies. The program also lets cities issue forgivable loans to property owners and development entities to pay for site assessment and characterization, technical assistance, remedial action plans and site access. San Diego was chosen as one of three initial Cal ReUSE strategic partners, along with the cities of Oakland and Emeryville,…Log In to Read Full Article
RACER Trust’s Proving Ground Stimulates Efficiency
Judge Robert Gerber, sitting in the U.S. Bankruptcy Court for the Southern District of New York, signed an order in effect creating RACER Trust in March 2011. RACER — for Revitalizing Auto Communities Environmental Response — was handed a portfolio of more than 300 properties scattered over 89 locations in… Read more
Water, Water Everywhere?
While in the following pages I will recount a number of serious localized water shortages, I can tell you at the outset, this will not be another gloom-and-doom scenario to which you are treated daily in your local and national news sources. Now, in my 54th year of professional effort… Read more