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.

1 minute read

June 22, 2003, 1:00 PM PDT

By Chris Steins @planetizen

"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."

Thanks to ArchNewsNow

FULL STORY: Squeezing Green Out of Brownfield Development

Saturday, June 21, 2003 in National Real Estate Investor

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