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Legislative Update: Unlocking Portland's Industrial Property Potential

I previously discussed the potential boost to the redevelopment of brownfield properties in Oregon that could result from the passage of HB 2734, the Land Bank Authority Bill, during the 2015 legislative session. The Oregon legislature continued this effort during the 2016 session with the unanimous passage of HB 4084, the Brownfield Tax Abatement, which provides local governments with the authority to enact brownfield property tax abatements and provide direct financial benefits to those developers willing to take on the redevelopment of brownfield properties. The negative economic impact of brownfields in Oregon's urban, suburban, and rural communities is similar to that of other communities around the country. In the Portland metropolitan region alone, brownfield properties make up almost 7% of all commercial/business properties within the Metro Region's Urban Growth Boundary (UGB). Of these sites, large industrial properties comprise approximately 4,078 acres (82%) of the 4,963 acres of developable brownfield properties…Log In to Read Full Article

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Charles Town Goes Green in Evitts Run Brownfield Project

The city of Charles Town, WV has been active on brownfields revitalization in its downtown and core neighborhoods since U.S. EPA awarded its first Brownfields Assessment grant in 2000. The community has undertaken many revitalization projects since, and is now focused on an ambitious initiative to transform waterfront brownfields on… Read more

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