[CPEO-BIF] "Brownfield program fuels Buffalo [New York] growth"

[Lenny Siegel <lsiegel@cpeo.org>]

Brownfield program fuels Buffalo growth

by Michael Petro
Buffalo Business First (NY)
May 25, 2015

For supporters of the Brownfield Cleanup Program, there was a collective sigh of relief when the state budget agreement included a bill to extend tax credits in Upstate for an additional 10 years.

Steven Ricca, a partner at Jaeckle Fleischmann & Mugel, said the refundable tax credit program that helps provide the means to redevelop contaminated properties, has been critical to the city of Buffalo’s revitalization. Supporters were able to help convince Gov. Andrew Cuomo and the state Legislature that there was a positive return on investment with this program.

“That’s huge that the program’s been extended for another 10 years,” said Ricca, an attorney who has worked with the local development advisory council as part of the Buffalo Niagara Partnership, addressing legislative reform initiatives including brownfields. “One need only look at the skyline in the city of Buffalo to see what is happening because of the program.”

…

For the entire article, see
http://www.bizjournals.com/buffalo/blog/buffalo-law-journal/2015/05/brownfield-program-fuels-buffalo-growth.html

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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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