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Featured Articles
End of the 110th Congress: How Did Brownfields Fare?
During its two-year term, the 110th Congress did not finalize very much with direct application to the brownfield marketplace. However, Congress continued to fund brownfield programs. In addition, the two bailouts that passed in 2008—the foreclosure assistance and the Wall Street rescue plan—provide opportunities for creative state, local, and private brownfield reuse to promote brownfield revitalization efforts. The Wall Street rescue plan even includes significant new incentives for "green" construction and development that could play a critical role in brownfield projects. One of the 111th Congress’s first major tasks will be to finalize appropriations for FY09, deferred by the outgoing Congress.
Federal Investment and Economic Development Tax Incentives
for Brownfields Financing
With competition for grant funds fierce and cash resources stretched, this tip by Charlie Bartsch, ICF’s leading expert on brownfields, helps generate creative ideas on using a range of federal investment and economic development tax incentives to meet part of an organization’s brownfields financing needs.
Brownfield Financing: Propelling Brownfield Projects Through Local Governments and Tools
Redeveloping brownfield sites can be a costly proposition. In many situations, the private development and financial sectors are not able or willing to act on their own to ensure that the full economic potential of site reuse will be achieved. Critical funding gaps are, in fact, the primary deterrent to site and facility reuse. For decades, local governments have used or sponsored public finance mechanisms to stimulate economic activity in certain geographic areas or industries. Now, publicly driven economic development initiatives are reaching into new sectors and incorporating new concerns, such as environmental improvement. Local brownfield reuse strategies and financing techniques are rapidly evolving across the country.
Case Study of State Incentives: Proposals to Make Strategic Investments in Brownfields Redevelopment
January 2008. The Northeast-Midwest Institute (NEMW) partnered with ICF International to create this study, which advises a state on the potential to modify and expand its brownfields incentives. Many states have rather modest brownfields incentives, usually a grant-loan program to fund site assessments and cleanups, and usually under-funded relative to needs. Some of these states may be considering proposals to improve, expand, or modify these incentives in order to get more mileage out of limited funds and accelerate cleanup and redevelopment activity. ''State A'' is in precisely this position. State A asked Northeast-Midwest Institute (NEMW) to review its current brownfields incentive program and make recommendations as to the most efficient and effective way to accelerate brownfields redevelopment in the state. State A had also prepared an internal draft proposal for expanding incentives, and the state asked NEMW to review this proposal. The report offers program proposals and recommendations, and includes a table detailing current State Brownfields Income Tax Credit Programs.
Additional Articles and Reports
Conferences
Media Mentions
Crain’s Detroit Business
Brownfields: Prime Time for Growth
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