NOTE: FEDERAL TAX CREDIT INCENTIVES AS A METHOD OF PROMOTING BROWNFIELD REMEDIATION

The benefits of redevelopment are innumerable—a cleaner environment, more jobs, increased tax base, more stable communities, and a deterrence of urban sprawl. The United States Environmental Protection Agency (EPA) defines the term “brownfields” as “ ‘abandoned, idled or underused industrial and commercial sites where expansion or redevelopment is complicated by real or perceived environmental contamination that can add cost, time or uncertainty to a redevelopment project.’” View More