[CPEO-BIF] Michigan "Brownfield legislation goes to Snyder's desk"

[Lenny Siegel <lsiegel@cpeo.org>]

Brownfield legislation goes to Snyder's desk

By Chris Ehrmann
Associated Press
May 4, 2017

The Michigan House sent Gov. Rick Snyder legislation on Thursday that would ease the cost of cleaning up brownfield sites across the state.

The legislation, which the Senate approved in February, seeks to help developers clean up areas with environmental hazards. The bills allow developers to keep a portion of taxes generated from businesses and residents moving into the site. The main bill passed 85-22 while others passed on 83-24 margins.

Additionally, developers would be able to receive up to 50 percent of taxes generated from the sites for a maximum of up to 20 years and calls for a $40 million cap that developers could be reimbursed for annually.

…

For the entire article, see
http://www.crainsdetroit.com/article/20170504/NEWS01/170509886/brownfield-legislation-goes-to-snyders-desk

--

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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