[CPEO-BIF] Melbourne, Florida economic-incentive zone

[Lenny Siegel <lennysiegel@gmail.com>]

Quarter of Melbourne may get 'brownfield' tag

Effort would allow city to tap into state funds

BY RICK NEALE
FLORIDA TODAY
July 23, 2008

City planners hope a sprawling "brownfield" initiative will generate 
green -- cash, that is -- for developers and property-tax rolls.

Melbourne might establish an economic-incentive zone over 9.5 square 
miles across the heart of the city. Florida has designated brownfields 
as areas affected by actual or perceived contamination.

Using Florida's state-funded brownfield program, developers could earn 
up to $2,500 for each job created and $500,000 for contaminated-site 
rehabilitation, along with loan guarantees, tax credits and other fiscal 
incentives.

If established, the 6,071-acre region would encompass the Melbourne 
International Airport, the city's three redevelopment districts -- 
downtown, Eau Gallie and Babcock Street -- and some neighboring properties.

...

For the entire article, see
http://www.floridatoday.com/apps/pbcs.dll/article?AID=/20080723/NEWS01/807230323/1006/news01

--


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



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