The Greenery of Brownfields:
What exactly is a Brownfields site?
This term, which was first minted in 1992, is defined by the Environmental Protection Agency (EPA) as a “property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant”. This EPA definition was used as the foundation of the original federal brownfields program back in 1995, and derivatives thereof have been adapted for use under state brownfields programs across the nation. Although the federal brownfields program was allowed to sunset in 2011, many of the state Brownfields programs are still thriving, and, given that the federal program was the genesis of these state programs, we still focus on the roots of the federal program for guidance and understanding.
Cherrytree Group’s Warren Kirshenbaum will be conducting a Bloomberg BNA webinar on the history of federal and state brownfields programs and will delve into the history of these programs. Warren will identify their respective goals, successes and failures as well as examine the various financial solutions and resources available to assist with financing remediation solutions, specifically tax credits. Case studies from the Massachusetts state tax credit program also will be cited as a means of detailing the ways in which state programs help to make it more economically feasible to remediate contaminated sites.
The webinar will be held on Tuesday, October 21st 2014 from 1:00-2:30 PM EST.
To register for this event click here.
For more information on the Brownfields tax credit and how tax credits can aide remediation visit www.cherrytree-group.com.