turning brown into green
Brownfields. You’ve driven by these blighted areas or have seen them in your neighborhood. They’re the abandoned, idled and underused properties, or inactive industrial real estate.
Our Brownfield Redevelopment Services team will provide your organization with the resources to explore the tax incentives available to developers and municipalities seeking to redevelop these sites, including tax increment financing, state tax credits and grants. These financial incentives provide funds for site investigations, cleanup, demolition, as well as improvements and redevelopment of abandoned, underutilized, or contaminated sites.
By cleaning up a brownfield, we can help your organization provide:
- Revitalization of urban areas.
- Creation of new employment opportunities.
- Clean-up of abandoned buildings for the beauty and safety of residents.
- Increased local revenue.
Our Brownfield Redevelopment Services team can assist with the following:
- Identifying a team of experienced professionals, including environmental consultants and attorneys that specialize in Brownfields
- Evaluating all available financial incentives and determining which incentives to pursue to maximize the value to the project
- Converting Brownfield tax credits to cash by identifying and/or negotiating with potential tax credit investors or tax credit brokers
- Structuring Brownfield tax credit assignments to maximize the net value of the Brownfield tax credits
- Reviewing LLC Operating Agreements, leases and other legal documents to ensure compliance with all applicable tax law requirements and to ensure consistency with the terms of the agreement with the tax credit investors
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