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    NJSWEP/BCONE Co-Hosted Spring Networking Event

    New York, Apr 20, 2017, Gigino at Wagner Park -20 Battery Pl
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    Annual NJDEP Regulatory Update

    Trenton, Apr 25, 2017, NJDEP Public Hearing Room at 401 East State St in Trenton NJ
    Hear from the management team at NJDEP about…
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    Big Apple Brownfield Awards

    New York, Apr 26, 2017, New York Law School, 185 W. Broadway
    Celebrate the best projects in New York…
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    Urban land institute 2017 Spring Meeting

    Seattle, May 2, 2017, Washington State Convention Center
    The ULI Spring Meeting is an exclusive,…
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    2017 RE3 Conference

    Philadelphia, Nov 1, 2017, Marriot Downtown
    The must-attend event of 2017 focused on…
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    2017 National Brownfields Conference

    Pittsburgh, Dec 5, 2017, David L. Lawrence Convention Center
    Please join us for the premier brownfields…

Mar 14, 2017

Mich. State Funds Target Multiple Brownfield Sites

Under a state of Michigan legislative proposal, five brownfield transformation projects would be eligible for tax benefits for decontaminating and preparing new structures on polluted land. Whether in the form of grants or tax relief, such incentives are imperative to facilitate purchasing of brownfields, said Carrie Geyer, a supervisor of the Brownfield Redevelopment Unit of the Michigan Department of Environmental Quality.

“This new proposal that’s out there is definitely interesting,” Geyer said. “And it’s always good to see that there’s people out there looking at how do you create those brownfield incentive packages, because they’re crucial.”

On face value, the new legislation might not be valuable to the environment, however. James Clift, policy director for the Michigan Environmental Council, said the bill is only designed to deal with five sites a year; thus, it doesn’t have a major environmental component to it.

Clift hedged his argument by saying that some sites are the sources of serious environmental and public danger, while others require only minor reclamation. The true impact of the bill could be determined by which locations would be targeted, he said.

Under the law, privately owned buildings must be kept to a certain standard so they do not harm public health and safety.

Sen. Ken Horn, R-Frankenmuth, said only major projects would be sought under the legislation he introduced. To qualify for one of the proposed tax breaks, the plan would have to be of a specific magnitude. In a city the size of Saginaw, that would be a $25 million undertaking. In Detroit, that figure would swell to $500 million.

The legislation is in the House Tax Policy Committee.

Source: Spartan Newsroom





A Mill(ion) Dollar Opportunity

The Bates of Maine Woolen Mill, a former industrial anchor in the city of Lewiston (pop.36, 500) in western Maine, has been transformed into a modern and bustling economic hub following years of city, state, federal, non-profit, private involvement and funding

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