[CPEO-BIF] "New Port Richey [Florida] residents worry the stigma would overshadow the economic incentives"

[Lenny Siegel <lsiegel@cpeo.org>]

New Port Richey puts the brakes on brownfield status
New Port Richey residents worry the stigma would overshadow the  
economic incentives.

By Robert Napper
St. Petersburg Times (FL)
November 2, 2011

NEW PORT RICHEY - Public outcry has stalled an effort by city  
officials to declare nearly all of New Port Richey a brownfield in  
the hopes of tapping into economic incentives for redevelopment.

...

Much of the opposition at City Hall Tuesday came from local Realtors  
who said including residential neighborhoods in the proposed  
brownfield area might send property values plunging. Realtors in the  
crowd also said if the resolution passed, they would be legally bound  
to disclose the brownfield status of properties to potential buyers.

"Perception and stigma (are) very, very strong," local real estate  
broker Sonia Magruder told the council. "I want to thank you for not  
making a hasty decision."

...

For the entire article, see
http://www.tampabay.com/news/localgovernment/new-port-richey-puts-the- 
brakes-on-brownfield-status/1199684

--

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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