It's been a year since NY State designated 721-acres as a new Brownfield Opportunity Area (BOA) in Brooklyn’s Industrial Business Zone (IBZ) which includes parts of Greenpoint, East Williamsburg and Bushwick.
On December 17th of 2019, the New York Department of State designated a 721-acre area in North Brooklyn’s Industrial Business Zone (IBZ) which stretches from eastern Greenpoint into parts of East Williamsburg and Bushwick as a new Brownfield Opportunity Area (BOA).
The BOA program aims to revitalize communities with a neighborhood-wide approach and encourage remediation and redevelopment of contaminated sites into productive and job creating properties by means of (1) tax incentives administered through the State’s Brownfield Cleanup Program (BCP) and (2) financial grants to local organizations and not-for-profits to work to align these new developments with the local communities visions and priorities.
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Posted February 25, 2021
