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  • Using GIS To Decipher Large-Scale Remediation Projects

  • Right Place, Right Time

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Is the Bank Opening?

Photo courtesy of cleveland.com Evans Paull, Redevelopment Economics, and Seth Otto, Maul, Foster, & Alongi, pose the question: Could a Brownfields land bank be matched with revved up TIF authority to create a new brownfields tool and lure manufacturing back to former industrial sites? Many communities are making brownfields redevelopment a priority in order to maximize the many benefits of accommodating growth in existing communities. Many communities have also established land banks to manage and dispose of vacant property. However, Paull and Otto know that the promotion of brownfields redevelopment through a land bank mechanism is almost completely unexplored territory. Paull told us that as the federal government attempts to change the tax structure to favor “re-shoring” (attracting manufacturing back to the U.S.), communities that have made their brownfield sites development-ready might be rewarded with economic growth that fits sustainability objectives like a glove: re-using former industrial sites for newly…Log In to Read Full Article

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