[CPEO-BIF] Capital Region, New York

[Lenny Siegel <lsiegel@cpeo.org>]

Green in these fields
State tax breaks encourage corporate investment in contaminated- site 
cleanup

By MIKE GOODWIN
Albany Times-Union (NY)
March 25, 2007

For much of the last 100 years, Schenectady was a bastion of American 
industry.

But after many of the jobs at General Electric Co. disappeared, as did 
all of those at American Locomotive Co., one thing remains at the 
once-thriving plants: decades of spilled chemicals.

Such contamination has repelled redevelopment efforts for years, sending 
prospective new owners to leafy suburbs and rural towns for business sites.

But economic development officials say New York's brownfield cleanup 
programs -- with their promise of tax credits -- are finally helping to 
spur interest in polluted sites around the state.

"More and more developers are looking at them," said Ray Gillen, 
chairman of the Schenectady Metroplex Development Authority, a 
taxpayer-funded agency working to restore downtown Schenectady.

...

For the entire article, see
http://timesunion.com/AspStories/story.asp?storyID=574632&category=BUSINESS&newsdate=3/25/2007

--


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


_______________________________________________
Brownfields mailing list
Brownfields@list.cpeo.org
http://www.cpeo.org/mailman/listinfo/brownfields