RE: [CPEO-BIF] Different kinds of subsidies

["peter " <petestrauss1@comcast.net>]

I'd be interested to know how many localities have taken it upon themselves
to take on the role as the developer and what the outcomes have been? Does
it make sense for the public entity that would give the subsidy to compete
with the private developer? Certainly some public agencies have had
experience with this.

Peter Strauss  

-----Original Message-----
From: brownfields-bounces@list.cpeo.org
[mailto:brownfields-bounces@list.cpeo.org] On Behalf Of Lenny Siegel
Sent: Wednesday, November 01, 2006 11:20 PM
To: Brownfields Internet Forum
Subject: [CPEO-BIF] Different kinds of subsidies

Has anyone ever attempted to categorize subsidies by purpose or 
function? It seems to me that not all incentives are designed to do the 
same thing.

Some are designed to promote reuse of a particular property or group of 
properties. For example, assessment or cleanup grants may lead a 
developer to propose a project in the inner city, where property is 
often blighted and/or contaminated, instead of a "greenfield" on the 
edge of town.

Some are designed to promote a particular reuse. For example, a 
developer may be allowed to build more residential units than zoning 
would normally permitted in exchange for providing below-market units 
for rent or sale.

Some are designed to attract specific companies, such as Intel, Toyota, 
etc. Tax abatement is a common tool used to subsidize companies that are 
expected to provide jobs and prestige to a community.

There must be other types.

Lenny
-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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