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The Growing Advantanges Of Brownfield Development

Posted by: Chris Steins
Thanks to: ArchNewsNow
22 June 2003 - 1:00pm

Developers are finding that with economic incentives, brownfield sites in highly desirable urban infill areas are cheaper than comparable non-polluted properties.

"Ten years ago, only specialists attempted to rehabilitate contaminated properties. Today, many developers are interested in brownfield redevelopment. Why? Because well-located, non-polluted infill sites become harder to find, remediation technology is cheaper than ever before and there is more clarity related to liability and government-sponsored incentives.That said, brownfield development is still a difficult job that requires expertise in science, law and finance. But developers who can master these skills, or hire those who can, are often richly rewarded."

Full Story: Squeezing Green Out of Brownfield Development
Source: National Real Estate Investor, June 21, 2003
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However, the political reality since the Ronald Reagan/Margaret Thatcher years has promoted the individual pursuit of happiness while systematically clamping down on planning—even if it means that one’s single-minded pursuit of happiness might contribute to unhappiness for themselves and others around.
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