Perspective: Is Climate Changing for Brownfields and Redevelopment?A Brownfield redevelopment project requires the following: land (impaired) a regulatory body, a regulated entity (developer) and people—people that live next to and near the project property, people that will live in, work at or visit the reinvented property when the project is complete. A successful Brownfield redevelopment project requires one additional ingredient: A productive relationship between these component parts. The pieces can't just exist isolated in space but must fit together well. As a consequence of a number of recent high-visibility California project/case upsets, the relationships required for successful Brownfield redevelopment projects are on potentially shaky ground. Unless attended to, practitioners should anticipate a complicated climate and a less predictable concept-to-completion regulatory path. Communities affected by these abandoned contaminated properties should expect a chilling of enthusiasm to clean and revitalize, as process/endpoint predictability is a critical element for the "go" option to be chosen in the project's "go/no-go" decision-making…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