Brownfields, Assessment reviews and appeals, Valuation - effects of pollution
Brownfield sits in the United States frequently are rejected by developers due to their real or suspected environmental contamination. When left undeveloped, these properties degrade the environment and represented lost opportunities to restore jobs and the tax base to the inner city. Lack of financial commitment and concerns about liability have hampered efforts to develop brownfields in the past, but in recent years innovative and cooperative measures have been successful in encouraging brownfield redevelopment. This article explores ways to encourage brownfield reuse by negotiating Superfund agreements, granting property or income tax relief, providing development incentives, and limiting legal and financial liability. Several cities and states have successfully forged partnerships between government and the private sector that work to heighten interest in brownfield reuse.
This paper was presented at the IAAO Annual Legal Seminar in December 1998.
"Revitalizing urban brownfields - a national, state, and local effort to reclaim blighted properties,"
Assessment Journal: Vol. 6
, Article 5.
Available at: https://researchexchange.iaao.org/assessment_journal/vol6/iss4/5