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Abandoned Gas Stations Fueling Renewed Economic Development

Abandoned gas stations that once flourished during our country’s economic boon are once again presenting opportunities to help refuel economic development for many struggling communities. Through the use of multi-site planning, a strong dose of community involvement, and coordinated public-private efforts, once-deserted gas stations sites are being cleaned up and put to new uses, bringing with it jobs and economic vitality. Approximately 50,000 – 75,000 U.S. gas stations have closed in the last two decades due in part to reduced demand, stricter environmental regulations, increased convenience store competition and shrinking profit margins. According to the U.S. EPA, “Of the estimated 450,000 brownfield sites in the U.S., approximately one-half are thought to be impacted by petroleum, much of it from leaking underground storage tanks (USTs) at old gas stations. These sites blight the surrounding neighborhoods and threaten human health and the environment.” The Palmetto Community Redevelopment Agency was able to assess…Log In to Read Full Article

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