The Growing Advantanges Of Brownfield Development

Developers are finding that with economic incentives, brownfield sites in highly desirable urban infill areas are cheaper than comparable non-polluted properties.
June 22, 2003, 1pm PDT | Chris Steins | @urbaninsight
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"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."

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Published on Saturday, June 21, 2003 in National Real Estate Investor
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