Category: Brownfields

House Appropriations Committee markup cuts EPA funding

Yesterday, the House Appropriations Committee marked up the fiscal year 2015 Interior and Environment Appropriations Bill. The legislation would cut the Environmental Protection Agency’s (EPA) overall funding by 9 percent in addition to cutting funding for EPA programs important to helping communities advance smart growth solutions.

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Bringing closed gas stations back to life

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Old gas stations will take center stage at the New Life for Closed Gas Stations conference.
Left to right: Garage Bar, Louisville, KY; Red Truck Bakery, Warrenton, VA.

The first ever New Life for Closed Gas Stations conference begins Tuesday, June 3, in Orlando, Florida. Gas station sites may be small, but they pack a big redevelopment punch for the neighborhoods surrounding them.

The number of gas stations in the U.S. has declined every year since 2002, and there were 23% fewer places to buy gas in 2012 than there were in 1994. Typically in highly-visible locations along commercial corridors, these sites can be an asset for investors and local governments who want to make a big impression with limited redevelopment dollars. Prominent locations and interesting architecture have made old gas stations attractive to investors seeking a strong sense of place to anchor up-and-coming blocks.

Posted in Blog, Brownfields, Real estate, Vacant properties | 1 Comment

Brownfields Tax Incentive Reauthorization Introduced

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The redeveloped Merchandise Mart on Washington Avenue in St. Louis. Via Flickr

This week, Congresswoman Elizabeth Esty (D-CT) introduced the Brownfields Redevelopment Tax Incentive Reauthorization Act of 2014, or H.R. 4542. The legislation would re-establish the brownfields tax incentive for five years through 2018. In a bipartisan show of support for the bill, Congressman Tim Bishop (D-NY) and Congressman Chris Gibson (R-NY) have signed on as cosponsors.

Originally signed into law in 1997 and extended through December 31, 2011, Section 198’s Brownfields Tax Incentive is a tax deduction intended to encourage the cleanup and revitalization of brownfield properties. Under the incentive, environmental cleanup costs are fully deductible in the year incurred, rather than capitalized and spread over time. Improvements in 2006 expanded the Incentive to include petroleum cleanup.

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BUILD Act moves through committee

This morning, the Senate Committee on Environment and Public Works voted unanimously to pass the Brownfields Utilization, Investment, and Local Development (BUILD) Act of 2013. The bill will go next to the full Senate for a vote.

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Brownfields financing legislation introduced in the House

Earlier this month, Congresswoman Janice Hahn (D-CA) and Congressman Chris Gibson (R-NY) introduced the Brownfield Redevelopment and Economic Development Innovative Financing Act of 2014, or H.R. 4173. The legislation would re-establish a guaranteed financing program for brownfields at the U.S. Department of Housing and Urban Development (HUD) and allow localities to utilize innovative financing mechanisms to begin the redevelopment process.

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Developers see new opportunities at the intersection of brownfields redevelopment and public health

Harbor Oaks Shopping Center, Clearwater, FL.On the left: A former car dealership in Clearwater, FL became a designated brownfield after the dealership closed. On the right: Today the site is home to the Harbor Oaks shopping center, complete with a new grocery store for the community.

You might be familiar with the concept of brownfields—vacant sites that are known or suspected to be contaminated and which must be remediated before they can be reused. A related, but less well-known concept is healthfields, which turn former brownfields into community health facilities. Healthfields are gaining wide support within regulatory and policy circles, and their popularity opens up new opportunities for real estate developers in these fields.

In many markets today brownfields are unfortunately common enough that land-use-related companies have evolved to specialize in brownfields redevelopment. These companies—including real estate developers, law firms and engineering firms, among others—have learned to navigate the complex regime of rules, procedures and standards that govern the redevelopment of brownfield sites. These companies have also become experts in the web of federal, state and local programs available for brownfields redevelopment, which are often what make brownfield site redevelopment financially feasible.

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Gainesville, FL City Commissioner Thomas Hawkins on land use and economic development

Gainesville, FL's Depot Park
A former train station and brownfield site will become home to a restaurant, café and a flexible space for events as part of the Depot Park project in Gainesville, FL. Photo via the Gainesville Community Redevelopment Agency.

Thomas Hawkins, a Commissioner for the City of Gainesville, FL and member of Smart Growth America’s Local Leaders Council, is helping using smart growth strategies to attract economic development while protecting Gainesville’s quality of life.

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Top 10 of 2013: Helping vacant land become neighborhood hubs through the BUILD Act of 2013

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This month, we’re looking back at some of Smart Growth America’s brightest moments and greatest accomplishments from 2013. Today’s highlight? Our work to get thousands of square miles of brownfields sites cleaned up and redeveloped through a bill introduced in Congress this year.

The Brownfields Utilization, Investment, and Local Development (BUILD) Act of 2013 would help communities across the country clean up brownfields sites and get them back into productive use. Senators Lautenberg (D-NJ), Inhofe (R-OK), Crapo (R-ID) and Udall (D-NM) introduced the bill in March, and since then Senators Hirono, Merkley, Brown, Schatz, Whitehouse, Gillibrand and Levin have all signed on as additional cosponsors.

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