[CPEO-BIF] Holland, Michigan incentives

[Lenny Siegel <lennysiegel@gmail.com>]

City will re-evaluate brownfield incentives

BY JEREMY GONSIOR
Holland Sentinel (MA)
January 30, 2008

The city of Holland plans to re-evaluate the incentives it offers to 
developers who deal with obsolete or contaminated properties, officials 
said Tuesday.

Under current policy, the city reimburses developers for interest they 
pay to start a project to redevelop these properties, called 
"brownfield" zones. Brownfield redevelopment is a way to encourage 
developers to take a chance on the properties, even if there is a high 
startup cost.

For 12 brownfield projects in the city, the city is obligated to pay 
around $6.8 million in interest payments and officials worry about 
adding to that obligation.



...

For the entire article, see
http://www.hollandsentinel.com/stories/013008/local_20080130019.shtml

-- 


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
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@lists.cpeo.org
http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org