|From:||Lenny Siegel <email@example.com>|
|Date:||Tue, 29 Jul 2008 08:24:51 -0700 (PDT)|
|Subject:||[CPEO-BIF] [Fwd: Northeast-Midwest Weekly Update -- 29 July 2008]|
NEMWLogo.jpg Weekly Update 29 July 2008 New Report: The Environmental and Economic Impacts of Brownfields RedevelopmentThe 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:firstname.lastname@example.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 202.544.5200Email Glenn Starnes <mailto:email@example.com?subject=Unsubscribe> with comments or to unsubscribe from this mailing list.
-- 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 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org
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