Murphy Administration promotes redevelopment through tax credits and loans.

In February, Governor Phil Murphy highlighted two programs that will support the transformation of contaminated brownfields into vibrant community assets.G

The Brownfield Redevelopment Incentive will provide tax credits to support brownfields remediation projects and the Brownfields Loan Program makes low-interest loans of up to $5 million available to brownfield redevelopment projects for all aspects revitalization, including assessment, investigation, and demolition.

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Posted April 12, 2021

ecoRI News (RI)

A ground-mounted solar installation erected on a former oil terminal in East Providence will allow the Rhode Island Public Transit Authority (RIPTA) to save money on electric costs.

Under a remote net energy agreement with the project’s developer, Kearsarge Energy, RIPTA will receive energy credits for power generated by the 6,000-plus waterfront solar panel array on Dexter Road. RIPTA officials estimate that buying the credits from Kearsarge will save the transit authority at least $250,000 annually.

“As we move toward adding more zero-emission electric buses, we know that they will need charging infrastructure and that finding economical and eco-friendly energy sources is of increasing importance,” said Scott Avedisian, RIPTA’s chief executive officer.

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For the entire article, see

https://www.ecori.org/renewable-energy/2021/3/30/ripta-powers-up-with-solar-energy-from-brownfield-site

by Linda Laban, Boston Real Estate (MA)

Community-focused, environmentally friendly living.

That’s how Hall and Moskow Property Management and Development describes its ambitious net-positive Hillside Center for Sustainable Living in Newburyport, which recently completed phase one.

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Given that the development is located on a former brownfield site, once a dump for coal ash and trucks and cars, a massive cleanup operation preceded the construction of the development, let alone any edible plantings.

“We pulled 110 semis worth of soil out of here. What’s left is clean,” Hall confirmed.

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For the entire article, see

http://realestate.boston.com/new-developments/2021/01/19/hillside-newburyport-rentals/

We want to share this information from BCONE member, Riker Danzig.

By Riker Danzig, Scherer Hyland & Perretti LLP, Lexology

New Jersey is rolling out a new tax incentive program for the redevelopment of underused, contaminated properties, known as “brownfield sites.” In fact, on January 7, 2021, Governor Phil Murphy signed into law the New Jersey Economic Recovery Act of 2020, P.L.2020, c.156 (the “Economic Recovery Act”), a broad piece of legislation that provides support for a variety of programs and policies related to jobs, small businesses, sustainable energy, and many other areas. Sections 9 through 19 of the Economic Recovery Act establish the Brownfields Redevelopment Incentive Program Act (the “Program”), which supplements the existing Brownfield and Contaminated Site Remediation Act. Put simply, the Program allows the New Jersey Economic Development Authority (“EDA”) to award up to $50 million in tax credits annually for six years to redevelopment projects in need of financial assistance to address environmental contaminants or hazardous building material, such as asbestos.

This article provides an overview of the Program and certain issues that developers may face based on our experience with similar incentive programs, including the predecessor to the Brownfields Redevelopment Incentive Program.

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For the entire article, see

https://www.lexology.com/library/detail.aspx?g=40ac0f24-ec20-4c8f-8b1a-e332693b74e1

By Anya Litvak, Pittsburgh Post-Gazette (PA)

Making really big things requires really tall cranes, and Ellwood City-based Hall Industries Inc. has finally found a huge building that can handle them.

The metal fabricator is taking over an empty, old factory where the Cooper-Bessemer Corp. once churned out compressor engines. More recently, it was being used as a warehouse, said Tony Kaper, vice president of operations at Hall Industries.

Hall Industries will acquire the 468,000-square-foot Cooper Industrial Commons — a brownfield site in Grove City — and will renovate and purchase new machinery and equipment and provide employee training. 

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For the entire article, see

https://www.post-gazette.com/business/career-workplace/2021/02/13/Hall-Industries-Grove-City-Cooper-Industrial-Commons-brownfield-DCED/stories/202102120147

By Charles Malinchak, Allentown Morning Call (PA)

What was once the site of a 19th century Allentown iron foundry and quarry is set to be transformed into a 190-unit apartment complex, according to testimony before the city’s Zoning Hearing Board on Monday night.

The estimated $45 million project is on a 17-acre parcel on the city’s South Side and would consist of six, three-story apartment buildings with units ranging from one to three bedrooms, said Geoff Long, a representative of the project’s developer, Ingerman of Collingswood, New Jersey.

The developer went before the board Monday night seeking a variance to level some of the steep slopes on the property with grades that otherwise would not have been allowed to be altered under city zoning ordinances.

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For the entire article, see

https://www.mcall.com/news/local/allentown/mc-nws-allentown-zoning-apartment-complex-20210216-vgcyymfjv5enpcze4fj3ubqxde-story.html

By Hannah Buehler, WKBW TV-7 News (Buffalo, NY)

For the past nine years, the future of the Westwood Country Club property has been in question.

Neighbors and passers by have seen “no trespassing” signs and some reading “contaminated brownfield” whenever near Westwood Country Club.

“For the past nine years, the future of Westwood has been in question,” said Amherst Town Supervisor Brian Kulpa.

Now, finally a plan. A trade off between the Town of Amherst and Mensch Capital, which owns the 170 acres of green space.

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For the entire story, see

https://www.wkbw.com/news/local-news/town-of-amherst-to-take-over-westwood-country-club

Rome Sentinel (NY)

Although the construction season might just be starting to heat up, Cold Point Corporation’s new 50,000 square-foot $5.1 million manufacturing facility in west Rome has just been completed, according to an announcement Thursday by Gov. Andrew M. Cuomo.

Cold Point specializes in the design and manufacture of water source heat pumps, packaged terminal air conditioners, condensing units, as well as packaged heat pumps and air conditioners for direct replacement, renovation, and new construction applications.

The completion of the facility marks a milestone for the signature project from Rome’s Downtown Revitalization Initiative plan and a strategic site identified in the Erie Boulevard Brownfield Opportunity Area, which, officials said, will help to attract talent and a 21st century workforce to downtown Rome by establishing an advanced manufacturing facility with more than 50 employees within a five-minute walk to the downtown core. 

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The new $5.1 million facility is located at the northwest corner of Henry and South Jay streets and included construction of a 50,000 square-foot advanced manufacturing facility on the former Rome Cable Complex 3 brownfield site.

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For the entire article, see

https://romesentinel.com/stories/51m-cold-point-facility-completed-at-west-rome-site,112210?

Interesting community participation in redevelopment as part of larger plans.

A few years back, Orem residents were asked to share with the city what they envision Orem looking like in the future.

The ongoing project name used by the city’s long-term planners is Imagine Orem. In 2019, Imagine Orem added the Geneva Road Plan, which included cleaning up blighted land that may have remains of hazardous materials from the United States Steel Geneva Plant.

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Posted March 29, 2021

NJ Tax incentives total ~$14B.

Michael Goodman, Adam Young - Fox Rothschild LLP

New Jersey businesses now have access to about $14 billion in tax incentives designed to encourage companies to create and maintain jobs, complete development and redevelopment projects, rehabilitate qualified New Jersey historic properties, and establish and retain new supermarkets and grocery stores in food desert communities.

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Posted March 22, 2021