As defined by the federal government, Brownfields are abandoned, idled or underused industrial and commercial properties where expansion or redevelopment is complicated by real or perceived environmental contamination. Brownfields could be categorized as former service stations, warehouses, abandoned railroads or air strips.
If you are concerned that you might own a Brownfield ask yourself if the area of land that you own is being used properly or has been vacant for some time and if your land has any hazards contaminating the environment, if you answered yes to both of these questions then you may have a Brownfield on your hands.
It is a great idea for a community to work together and try to redevelop areas that are considered brownfields. Brownfields can typically be found in underdeveloped neighborhoods or areas where infrastructure is not at its best. The restoration of Brownfields will aid in revitalizing neighborhoods by creating new jobs and encourage higher property value.
For property owners, the redevelopment of Brownfields is a great idea that provides many benefits that include,
• Avoiding potential environmental enforcement actions by federal, state, and local regulatory agencies.
• Tax benefits from cleaning up and reusing the property.
• Reducing the likelihood of environmental contamination spreading from your area to another office location.
• Receiving a return on investments after revitalizing the area and repurposing the unused space.
Depending on the type of space that the Brownfield is located and the extent of contamination that has affected the environment, Brownfield restoration takes time and effort but is very much worth restoring.