How do property owners benefit?

In addition to providing benefits to surrounding communities, property owners that clean up and reuse their brownfield properties may benefit directly by:

  • Avoiding potential environmental enforcement actions by federal, state and local regulatory agencies that could impose penalties and costly cleanups
  • Creating good will within the community
  • Enhancing the marketability of a property by reducing uncertainty regarding environmental liabilities and addressing due diligence steps typically required by lenders
  • Receiving tax benefits for cleaning up and reusing the property
  • Reducing the likelihood that contamination from the property will migrate off site or into the groundwater under the site, thereby limiting liability for, and long term costs of, cleaning up the property
  • Reducing the potential need to address liabilities associated with the property in financial statements and Securities and Exchange Commission filings

Show All Answers

1. How do I get more information?
2. What are “brownfields”?
3. Why are brownfields a problem?
4. How does the community benefit?
5. How do property owners benefit?