[CPEO-BIF] Florida annual Brownfield report

[Lenny Siegel <lsiegel@cpeo.org>]

Florida's Brownfields program shows record participation, provides key incentives for cleanup & redevelopment

Akerman Senterfitt & Jason S. Lichtstein
Lexology
August 19 2013
	
The Florida Department of Environmental Protection (FDEP) released its annual Brownfield report this month, reporting record levels of participation in Florida's Brownfield program. Brownfields are sites with actual or potential environmental contamination that impairs a site's development or reuse.

For the second year in a row, the State of Florida approved over $6 million in state Voluntary Cleanup Tax Credits (VCTC).  More tax credit applications were submitted this year than ever – an annual increase of about 25% percent. The VCTC tax credit program is Florida's chief financial incentive designed to encourage the voluntary cleanup and redevelopment of contaminated and distressed sites. 

Since the Florida Brownfield program's inception in 1997, local governments in Florida have designated more than 340 Brownfield areas and over 180 voluntary Brownfield Site Rehabilitation Agreements (BSRA) have been signed. During that time, approximately $2.4 billion in capital has been invested in Florida's Brownfield areas and more than 50,000 new jobs created or projected. 

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For the entire article, see
http://www.lexology.com/library/detail.aspx?g=bd0d1170-01ed-4194-9cd5-ac29f4d917ae

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Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street
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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