“Abandoned, idle or underused industrial or commercial facilities or sites…the expansion or redevelopment of which is affected by actual or perceived environmental issues.”
Whether from the perspective of a developer or resident, overcoming these real and / or perceived issues makes good business sense.
- Economic– leveraged investment, revitalized neighborhoods, blight elimination, employment retention and expansion
- Fiscal– new sources of local and state revenue from otherwise unproductive assets, expanded tax base, savings from reuse of existing infrastructure
One of our brownfield sites may just be the successful expansion location or development project your competitors didn’t come anywhere close to thinking of!