Brownfield redevelopents were key part of 2020 NY State economic redevelopment.

State cleanup program continues to promote comprehensive cleanups, economic redevelopment in communities

New York State Department of Environmental Conservation Commissioner Basil Seggos announced another year of successful environmental cleanups as part of the state’s brownfield cleanup program (BCP). In 2020 alone, a total of 48 certificates of completion were issued and 94 new sites were accepted to the BCP, helping to protect public health and the environment across New York while, the DEC said, bolstering local economies through redevelopment.

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Posted March 8, 2021

Brownfields funding is active in Michigan.

Jackson County has been awarded $300,000 from the U.S. Environmental Protection Agency (EPA) to help brownfield sites that have potential to be redeveloped.

Brownfields are plots of land which are either unusable or thought to be unusable in their current state. They have or may have a hazardous substance, pollutant, or contaminant that could prevent development. Under Michigan law, brownfields can also include properties that are blighted, functionally obsolete or owned by the Land Bank Authority.

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Posted March 3, 2021

It's been a year since NY State designated 721-acres as a new Brownfield Opportunity Area (BOA) in Brooklyn’s Industrial Business Zone (IBZ) which includes parts of Greenpoint, East Williamsburg and Bushwick.

On December 17th of 2019, the New York Department of State designated a 721-acre area in North Brooklyn’s Industrial Business Zone (IBZ) which stretches from eastern Greenpoint into parts of East Williamsburg and Bushwick as a new Brownfield Opportunity Area (BOA).

The BOA program aims to revitalize communities with a neighborhood-wide approach and encourage remediation and redevelopment of contaminated sites into productive and job creating properties by means of (1) tax incentives administered through the State’s Brownfield Cleanup Program (BCP) and (2) financial grants to local organizations and not-for-profits to work to align these new developments with the local communities visions and priorities.

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Posted February 25, 2021

Dominique Cantelme sees development opportunities all over New England.

The New England region—consisting of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont—in the northeast corner of the USA, offers immense diversity. Each state has its own history and culture with scenic beauty, ranging from rivers and lakes, towering forests, mountains, farmland and countryside to rocky coastlines and sandy beaches.

New England is bounded to the north by Canada, to the east by the Atlantic Ocean, to the south by Long Island Sound and to the west by New York state. A center of industrial manufacturing and a supplier of natural resource products, including granite and lobster, about half of the region’s exports consist of industrial and commercial machinery, such as computers and electrical equipment.

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Posted February 15, 2021

By Riker Danzig, Scherer Hyland & Perretti LLP

New Jersey is rolling out a new tax incentive program for the redevelopment of underused, contaminated properties, known as “brownfield sites.” In fact, on January 7, 2021, Governor Phil Murphy signed into law the New Jersey Economic Recovery Act of 2020, P.L.2020, c.156 (the “Economic Recovery Act”), a broad piece of legislation that provides support for a variety of programs and policies related to jobs, small businesses, sustainable energy, and many other areas. Sections 9 through 19 of the Economic Recovery Act establish the Brownfields Redevelopment Incentive Program Act (the “Program”), which supplements the existing Brownfield and Contaminated Site Remediation Act. Put simply, the Program allows the New Jersey Economic Development Authority (“EDA”) to award up to $50 million in tax credits annually for six years to redevelopment projects in need of financial assistance to address environmental contaminants or hazardous building material, such as asbestos.

This article provides an overview of the Program and certain issues that developers may face based on our experience with similar incentive programs, including the predecessor to the Brownfields Redevelopment Incentive Program.

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For the entire article, see

https://www.lexology.com/library/detail.aspx?g=40ac0f24-ec20-4c8f-8b1a-e332693b74e1

Posted February 11, 2021

City of Carteret is converting underutilized properties to econominc contributors.

The borough planning board last week approved 1 million square feet of warehouse space at 300 Salt Meadow Road.

Property owner CHI Acquisitions LP will build three warehouses on the site, located in an industrial district behind New Jersey Turnpike Exit 12 in the northeast section of the borough.

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Posted February 8, 2021

Another large project in Tonawanda is progressing.The state Department of Environmental Conservation released a brownfield investigation plan last week for a riverfront site in North Tonawanda, which could host an expansion of an apartment complex next door.

The site at 624 River Road belongs to DLV Properties, a subsidiary of Visone Co. of Clarence, and includes a one-story, nearly 18,000-square-foot medical office, built in 1997.

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Posted February 1, 2021

Much like with the Great Recession of 2008, the Covid crisis has caused many brownfield projects to stall. As a result, BCP projects that received their Certificate of Completion (COCs) in 2010-11 are at risk of losing the right to claim the tangible property tax credit since the ten year period to put the property into service has or is fast expiring.

In response, Governor Andrew Cuomo’s proposed executive budget for Fiscal Year 2022 would provide an extra two years for owners of certain brownfield projects that received COCs between March 20, 2010 through January 1, 2012 to claim the qualified tangible property tax credit. In other words, projects whose ten-year would expire between  March 20, 2020 and December 31, 202 will now have an additional two years to complete their project and claim their tax credits.

The text appears in Part AA of Section VII (Transportation, Economic Development and Environmental Conservation).

Discussions continue about extending the 12/31/2022 and 03/26/2026 tax credit sunsets.

The post In response to Covid Crisis, Governor Proposes to Extend Brownfield Tax Credits for Some Sites appeared first on Schnapf LLC.

Posted January 28, 2021

Linda Laban, Boston Real Estate (MA)

Community-focused, environmentally friendly living.

That’s how Hall and Moskow Property Management and Development describes its ambitious net-positive Hillside Center for Sustainable Living in Newburyport, which recently completed phase one.

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Given that the development is located on a former brownfield site, once a dump for coal ash and trucks and cars, a massive cleanup operation preceded the construction of the development, let alone any edible plantings.

“We pulled 110 semis worth of soil out of here. What’s left is clean,” Hall confirmed.

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For the entire article, see

http://realestate.boston.com/new-developments/2021/01/19/hillside-newburyport-rentals/

Posted January 22, 2021

By Tim Faulkner, ecoRI News (RI)

The Lonsdale Company left behind a legacy of pollution. It’s just now being completely remediated. (DEM Bureau of Environmental Protection photos.

A nearly 200-year-old hangover from the Industrial Revolution is finally getting cured, as the Environmental Protection Agency (EPA) cleans a stubborn oil leak along the Blackstone River in Rhode Island.

The 30-acre Lonsdale mill complex and village in Lincoln and Cumberland dates back to 1831 with the construction of mills, homes, and amenities for workers. Most of it was built in a floodplain. The precursor to today’s live-work community was started by Nicholas Brown Jr., the namesake of Brown University, and his future brother-in-law Thomas Ives to became one of the largest mill complexes in the country.

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For the entire article, see

https://www.ecori.org/pollution-contamination/2020/11/15/more-cleanup-of-chronic-pollution-at-historic-mill-site