[CPEO-BIF] "How North America’s Leading Brownfield Redeveloper Makes Millions by Not Redeveloping Brownfields"

[Lenny Siegel <Lsiegel@cpeo.org>]

How North America’s Leading Brownfield Redeveloper Makes Millions by Not Redeveloping Brownfields
Although Commercial Development Co. and its affiliates have pledged to revive the former industrial sites they purchase, residents are often stuck looking at undeveloped acreage for years.

By Daniel Propp
Inside Climate News
January 12, 2025

In 2017, a Missouri-based corporation called Jaines LLC forked over $9.6 million in exchange for 110 acres of vacant buildings and cracked concrete in Janesville, Wisconsin. 

The corporation was an affiliate of Commercial Development Co. (CDC), which bills itself as North America’s leading redeveloper of industrial brownfields, and the vacant lot was the former site of General Motors’ Janesville Assembly Plant, which had employed a tenth of the town’s workforce before closing in 2009. 

CDC billed its purchase as the beginning of an economic rebirth, touting the site as a “strategic opportunity for new manufacturing, warehousing and logistics-related development activity.” It proceeded to demolish the plant and auction off the equipment salvaged from the site. 

…

For the entire article, see
https://insideclimatenews.org/news/12012025/commercial-development-co-makes-millions-from-brownfields/

—

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
A project of the Pacific Studies Center
LSiegel@cpeo.org
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650-961-8918
http://www.cpeo.org
Author: DISTURBING THE WAR: The Inside Story of the Movement to Get Stanford University out of Southeast Asia - 1965–1975 (See http://a3mreunion.org)




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