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MA Expansion Committee of BCONE Hosts an Incentives Seminar

08 Sep 2020 1:43 PM | Anonymous member (Administrator)

On August 27, 2020, from 3:30-5:00pm,  BCONE Board Member Melina Ambrosino organized and spoke at our session entitled “Developing Planning: Utilizing Incentives.”

Melina , Executive Vice President of  Cherrytree Group, LLC was joined by Warren Kirshenbaum, President of Cherrytree Group and Alan Knauf, Esq., Partner of  Knauf Shaw, LLP.  The panel  provided the audience of over 40 people from across the northeastern section of the USA with information on the advantage of various brownfield incentives in Massachusetts and New York State. Featured were the  New York Brownfields Tax Credit program, an update on the newly release working draft regulations of the Massachusetts Brownfields Tax Credit program and insight on the industry hot topic, Opportunity Zones. 

The August 27 panel exemplified  BCONE’s  our educational mission:  due to its  regional composition, the exchange of information from multiple states allows us  to recognize the importance of real estate markets that cross state borders and practitioners who work in many states (such as New York State and Massachusetts).  Questions focused on whether PFAS and other emerging contaminants may result in reopeners in NYS (probably), whether brownfield projects are being developed on current or former landfills, and whether the costs of settling claims from downgradient parties can be applied to brownfield accounting for tax credits.

In addition to our speakers, BCONE thanks our Annual Sponsor, SESI Consulting Engineers, who introduced participants to their environmental, geotechnical and site civil work in the tri-state area. Special kudos to Ms. Ambrosino  for jumping on this event so quickly and preparing a really terrific MA/NYS event, which is such a great accomplishment for a new BCONE committee. 

Go to the BCONE website at Events for the list of upcoming September events.

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