Understanding the Importance of Brownfields Development
Since the establishment of the Brownfields Law in 2003, local governments have been encouraging the remediation and development of abandoned or contaminated sites through tax incentives. A prime example of this can be seen in New York City. However, the concept and benefits of Brownfields Development extend beyond New York, influencing environmental restoration efforts across the country.
The Role of Tax Incentives
Brownfields development is part of specific grant programs that offer tax incentives to “clean up” contaminated properties. Often, the soil at these sites requires excavation to construct new buildings. If the site falls within an approved Brownfields program, developers can receive tax breaks to remove contaminated soil, resulting in significant savings. Furthermore, if a company voluntarily participates in a Brownfields program, they typically won’t be held responsible for off-site contamination unless they are the ones responsible for the pollution. This principle holds true not only in New York City but in numerous other cities and states that recognize the value of Brownfields development.
While New York City has been at the forefront of leveraging the Brownfields Law for urban development, other cities and states have also embraced Brownfields development. From Boston to Seattle and Miami to Chicago, local governments see the benefits of incentivizing the rehabilitation of contaminated sites. This approach not only contributes to environmental restoration but also stimulates local economies by paving the way for new constructions and businesses.
At EnviroTrac, we offer comprehensive Brownfields development services from inception to completion. We recognize that the financial impact on a development project is a significant factor in considering participation in a Brownfields program. Our team offers expert engineering, consulting, and construction services, placing us in a strategic position to ensure you make financially responsible decisions. With over 30 years of experience managing and cleaning up environmentally impacted sites across the country, you can trust in our expertise and value in brownfields development. Our services extend throughout the nation, with successful projects completed from as far south as Florida to as far north as Massachusetts.
Service At a Glance:
- Providing comprehensive services for Brownfields development from start to finish.
- Assisting clients in leveraging tax incentives.
- Guiding businesses through the complexities of soil removal and new construction.
- Help ensure companies are not unnecessarily liable for off-site contamination.
- Assist in making financially responsible development decisions.
- Influencing Brownfields development in cities and states nationwide.
- Help stimulate local economies and contribute to environmental restoration.