Brownfield Assessment & Redevelopment Services
In order for a brownfield site to be a candidate for redevelopment it must meet the following three criteria:
A site must meet specific technical requirements in order to be redeveloped. Contamination at the site must be of the type, nature, and degree that can be successfully remediated so as to permit reuse (i.e., can the site be cleaned up to acceptable levels, in a reasonable amount of time, at a reasonable cost?). Site infrastructure must also be favorable for redevelopment.
The site must possess the relevant real estate characteristics necessary for redevelopment to be financially viable. Financial assistance in the form of grants, loans, and tax incentives for redevelopment are available in many areas. Liability exemptions are also obtainable in most states.
Lastly, political considerations must be favorable for a brownfield site to be redeveloped. There must be active advocacy and support for redevelopment of the site from regulators, local government, and the local community.
Property undergoing soil and groundwater remedial action