[CPEO-BIF] Proposed Portland, Oregon tax incentives

[Lenny Siegel <lsiegel@cpeo.org>]

Council Watch: Banking on brownfields
	
by Katy Sword
Oregon Business
July 20, 2017

The city is home to about 600 brownfields representing 910 acres. [View a map of the city's brownfields here.] In Multnomah County, the numbers are even higher — more than 6,300 acres.

These sites harbor soil polluted by a range of businesses: gas stations, dry cleaners, farm supply stores. The 910 acres come with a $240 million cleanup price tag, and the city aims to help pay for the cost by giving developers who take on cleanup a tax break.

The council discussed the proposed incentive on Wednesday and approved a resolution to develop the program next year.

Participating businesses would receive a tax credit worth 50% of the cleanup cost. The credit represents "a new tool to help clean up brownfields and put them back to work," Commissioner Nick Fish said.  

…

For the entire article, see
http://www.oregonbusiness.com/article/item/17893-banking-on-brownfields

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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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