What are the benefits of redeveloping a Brownfield site?
There are numerous economic, environmental and social benefits that a community can expect upon the assessment and cleanup of brownfields sites. Examples of benefits include (but are not limited to): • Economic benefits include an increase in local tax base and new job growth. There are numerous tax incentives from both state and local governments available for brownfields projects. • Environmental/social benefits include: reuse of existing infrastructure, development pressure taken off undeveloped land, prevention of sprawl, cleaner air and reduced natural habitat destruction. • Up to 33% of assessments conducted with EPA Brownfield’s grants reveal that no clean up was necessary and that the site was ready for development. This quick re-use is good for the developer, the local government who has been losing tax revenue, and the local community who has been living with a potentially toxic site blighting their neighborhood.
