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Potential brownfield opportunity area and federal Opportunity Zone tax credits available in the City of Lackawanna

08 Sep 2023 4:05 PM | Michael Lazo (Administrator)

For over 80 years, the former Bethlehem Steel Corporation operated one of the country’s largest steel plants in the city of Lackawanna, New York. Although the Lackawanna Plant ceased operations some 40 years ago, one of the legacies of the past industrial use is several hundred acres of developable land serviced by road, rail and water, which is positioned to take advantage of New York State’s lucrative Brownfield Clean Up Program (BCP) cash-back tax incentives and federal Opportunity Zone (FOZ) tax benefits.

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