|From:||Lenny Siegel <email@example.com>|
|Date:||Thu, 26 Jun 2014 20:37:49 -0700 (PDT)|
|Subject:||[CPEO-BIF] Minnesota brownfields funding|
Revived fund will help brownfield development by Don Jacobson Minneapolis Star Tribune (MN) June 26, 2014Developers, government officials and industry professionals working to transform contaminated brownfields into new housing and commercial projects got an upbeat assessment on the future of state funding from key legislators this week in Minneapolis.
The mood at the "State of Brownfields" event, staged by the nonprofit group Minnesota Brownfields, was more positive after the Legislature moved in 2013 to restore the Environmental Response Fund (ERF), used by Hennepin and Ramsey counties to clean up sites via a tax on property transactions. The fund had been repealed in 2012.
Under its provisions, the two counties assess mortgage registry and deed fees at 0.01 percent of a property's assessed value to pay for environmental cleanup projects. The program, however, was opposed by the residential real estate industry, which argued that the fees were a burden to financially strapped home buyers at a time when the home market was struggling to recover.
... For the entire article, see http://www.startribune.com/business/264794371.html#hKCH16L7zHh7zusC.97 -- 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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