[CPEO-BIF] [Fwd: Northeast-Midwest Weekly Update -- 29 July 2008]

[Lenny Siegel <lennysiegel@gmail.com>]

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Weekly Update

29 July 2008

New Report: The Environmental and Economic

Impacts of Brownfields Redevelopment

The Northeast-Midwest Institute has completed a new report entitled The 
Environmental and Economic Impacts of Brownfields Redevelopment 
<http://www.nemw.org/EnvironEconImpactsBFRedev.pdf>. The Executive 
Summary <http://www.nemw.org/EnvironEconImpactsBFRedevExec.pdf> is 
available separately. The report estimates:

   * One dollar of public investment in brownfields leverages eight
     dollars in total investment.
   * Jobs are leveraged in brownfields projects with a ratio of between
     $10,000 and $13,000 of new public investment needed to
     create/retain one job.
   * One acre of redeveloped brownfields corresponds to 4.5 acres of
     preserved greenfields.
   * Case studies of brownfields sites indicate that redevelopment of
     brownfields sites reduces vehicle miles traveled by 20 to 40
     percent compared to sprawl development, while simultaneously
     reducing air emissions and greenhouse gases.

The Northeast-Midwest Institute also projects the following “order of 
magnitude” impacts of new federal investments in brownfields:

   * A doubling of the current EPA Brownfields appropriations level of
     $165 million annually — projected over a 20-year timeframe — would
     leverage 603,000 jobs and $79 billion in new investments. It would
     also accommodate a population of 89,300 households in existing
     developed areas, and conserve 67,000 acres of greenfields.
   * A new $1 billion federal brownfields annual tax credit as proposed
     by Representatives Michael Turner (R-OH) and Stephanie Tubbs Jones
     (D-OH) in H.R. 3080
     <http://www.nemw.org/HR3080AmericasBrownfieldsCleanupAct.pdf> —
     projected over a 20-year timeframe — is estimated to leverage 3.65
     million jobs and $480 billion in new investments. It would also
     accommodate a population of 541,000 households in existing
     developed areas, and conserve 406,000 acres of greenfields.

Contact Evans Paull 
<mailto:epaull@nemw.org?subject=New%20Brownfields%20Report> 
(202/464-4004) at the Northeast-Midwest Institute.

Calendar <http://www.nemw.org/calendar.htm> | Media Links 
<http://www.nemw.org/media.htm> | Reports/Periodicals 
<http://www.nemw.org/reports.htm>

Northeast-Midwest Institute <http://www.nemw.org/>

50 F Street NW Suite 950

Washington DC 20001

202.544.5200

Email Glenn Starnes <mailto:glennstarnes@nemw.org?subject=Unsubscribe> 
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--


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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