Brownfields get recognition in the general real estate industry.
by Erik Martin
When a commercial or industrial property becomes contaminated with toxins, chemicals, and other pollutants and abandoned, the result is a brownfield. A brownfield can stand as an ugly blight on the area and deter prospective buyers and developers from taking a closer look. Fortunately, the Environmental Protection Agency (EPA) has created a program to encourage the expansion, reuse, or redevelopment of brownfields that provides incentives to invest in these properties. But before committing to a brownfield site, it’s important to know what you’re getting into and prudently ponder:
Posted August 3, 2020