Reproduced with permission from Daily Environment Report, 20 DEN A-7, 1/30/14. Copyright 2014 by The Bureau of National Affairs, Inc. (800-372-1033) http://www.bna.com
More than 60,000 brownfield sites in New York with potential contamination make a robust state brownfield redevelopment program important, according to a report released Jan. 29.
This importance is reflected in a relatively consistent number of annual applications for the state’s brownfield cleanup program, said the report, ‘‘New York State Brownfield Cleanup Program and Tax Credit Analyses.’’ Applications number 30 to 40 per year, fluctuating with policy, court decisions and market conditions, the study said.
Sponsored by the New York City Brownfield Partnership (NYCBP), the study analyzes the impact of the New York State Brownfield Cleanup Program (BCP), and specifically the impact of brownfield tax credits, on the cleanup and redevelopment of brownfield sites in the state. NYCBP is a nonprofit, public-private partnership promoting the cleanup and redevelopment of brownfield sites in New York City.
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