Small Towns Beget Big PayoffsThere are a lot of impressive numbers in the new report, "The Economic and Fiscal Impact of Wisconsin's Brownfields Investments." For example, the study, prepared by University of Wisconsin-Whitewater Fiscal and Economic Research Center and Redevelopment Economics, indicates that the state's $121 million investment in cleanup and redevelopment of brownfields has produced: Cleanup. 4,713 acres of contaminated land was assessed and/or cleaned up; Redevelopment. 3,393 acres (72 percent of the total acreage) has been redeveloped with 28.2 million square feet of space; New investment. That state's investment, coupled with local government investments and federal assistance to brownfields, has generated $3.3 billion in direct total investment (or $6 billion direct and indirect investment) in completed and underway brownfield projects. Permanent jobs. There were a total of 29,900 direct new and retained permanent jobs (or 54,500 direct and indirect jobs) generated in assisted complete/underway brownfields projects. Temporary construction jobs. There were 27,900…Log In to Read Full Article
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
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… Read more