2013 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: Mon, 22 Apr 2013 11:58:46 -0700 (PDT)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] Comptroller's report on New York State's Brownfield Cleanup Program
 
News Release
New York State Comptroller Thomas P. DiNapoli
April 22, 2013


DiNapoli: State's Brownfield Cleanup Program Needs To Reach More Sites; Be More Cost-Effective Report Provides Options for Strengthening Cleanup Efforts;
Calls for Separating Clean Up and Development Tax Credits

The New York State Legislature should examine options to restructure the state’s primary program to revitalize contaminated properties - the Brownfield Cleanup Program (BCP) - in order to fully achieve the important economic, public health and environmental goals set when the program was created, according to a report released today by State Comptroller Thomas P. DiNapoli.

"While two decades of efforts to clean up brownfields have delivered some successes, much more can and should be done," DiNapoli said. "Thousands of contaminated sites in communities across the state continue to pose environmental and health threats and prevent economic development. The state has an opportunity now to improve the cleanup program to encourage more remediation and redevelopment of contaminated properties, and do so in a more cost-effective manner through better targeting of program dollars."

DiNapoli's report examined the performance of the BCP and found, as of February, 128 sites have been remediated at a cost of close to $1 billion, mostly in the form of as-of-right tax credits. The credits awarded under the program, widely considered to be among the most generous in the nation, have ranged from a low of $120 to a high of $113.8 million, and an average of $9.4 million per site. Based on an analysis of the 389 sites currently enrolled in the BCP, DiNapoli projects a potential overall tax credit liability to the state of $3.3 billion.

...

For the entire release, see
https://www.osc.state.ny.us/press/releases/apr13/042213.htm

For the entire report, see
http://www.osc.state.ny.us/reports/environmental/ brownfields_restoration13.pdf


--

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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