[CPEO-BIF] "Land bank offers new hope for polluted properties" in Connecticut

[Lenny Siegel <lsiegel@cpeo.org>]

Land bank offers new hope for polluted properties

By Hugh Bailey 
Connecticut Post
April 24, 2016

If the location is right, pollution is no obstacle.

For some of the former industrial properties known as brownfields, new owners are willing to pay exorbitant cleanup costs to reuse the land. Elsewhere, when the payoff isn’t quite so clear, governments can work with developers on the piecemeal assemblage of a cleanup plan, which can take years to develop.

For some sites, even that much is impossible. In the wrong location, with expensive contamination and a bleak outlook, some properties will simply sit, year after year, decade after decade, as a building’s physical deterioration brings down a neighborhood and any hope of an economic rebound.

A new nonprofit enabled by legislation pending before the General Assembly is aimed at helping those properties that might otherwise be a lost cause.

…


For the entire article, see
http://www.ctpost.com/business/article/Land-bank-offers-new-hope-for-polluted-properties-7303681.php

--

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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