Otherwise known as the Small Business Liability Relief and Brownfield Revitalization Act, passed by congress in 2001. The act allows for the expansion, redevelopment, or reuse of real property which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. The motivation behind this act is to encourage remediation and reinvestment in these properties, thereby protecting the environment, reducing blight, and taking development pressures off green-spaces and working lands.
Andersen can assist developers, municipalities, or owners in identifying and characterizing issues that affect a property, as well as develop the submittal paperwork needed for federal cleanup grants, site closure, and regulatory oversight.
With the right approach, an unsightly Brownfield may be successfully developed to a commercially viable property.
To learn more about Brownfield Revitalization Act today, call us at 310-854-5453.