|From:||Lenny Siegel <email@example.com>|
|Date:||26 Mar 2007 17:46:57 -0000|
|Subject:||[CPEO-BIF] Capital Region, New York|
Green in these fieldsState tax breaks encourage corporate investment in contaminated- site cleanup
By MIKE GOODWIN Albany Times-Union (NY) March 25, 2007For much of the last 100 years, Schenectady was a bastion of American industry.
But after many of the jobs at General Electric Co. disappeared, as did all of those at American Locomotive Co., one thing remains at the once-thriving plants: decades of spilled chemicals.
Such contamination has repelled redevelopment efforts for years, sending prospective new owners to leafy suburbs and rural towns for business sites.
But economic development officials say New York's brownfield cleanup programs -- with their promise of tax credits -- are finally helping to spur interest in polluted sites around the state.
"More and more developers are looking at them," said Ray Gillen, chairman of the Schenectady Metroplex Development Authority, a taxpayer-funded agency working to restore downtown Schenectady.
... For the entire article, see http://timesunion.com/AspStories/story.asp?storyID=574632&category=BUSINESS&newsdate=3/25/2007 -- Lenny Siegel Director, Center for Public Environmental Oversight c/o PSC, 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@list.cpeo.org http://www.cpeo.org/mailman/listinfo/brownfields
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