[CPEO-BIF] Nassau County (NY) sells 18 brownfield properties

[Lenny Siegel <lsiegel@cpeo.org>]

I.P. brownfields to be redeveloped

By ALEX COSTELLO
Oceanside/Island Park Herald (NY)
April 2, 2009
	
Nassau County recently announced that it was selling 18 of its 
brownfield properties, including two in Island Park.

The developer SDRJ bid about $3 million for all of the brownfields. One 
of the sites in Island Park is a former gas station on Austin Boulevard, 
which is now being used to park trucks. The other is on the west end of 
Waterfront Boulevard.

Brownfields are vacant industrial properties that once hosted 
warehouses, gas stations, factories and the like. Most developers steer 
clear of them because they must be cleaned of any contaminants before 
they can be developed, a process that can be costly and time-consuming.
Brownfields are a headache for the county as well. They are difficult to 
sell, and the county can only hold a tax lien - the back taxes owed on a 
property - for 15 1/2 years, according to a statute of limitations on 
such liens.

...

For the entire article, see
http://www.zwire.com/site/news.cfm?newsid=20291624&BRD=1601&PAG=461&dept_id=479857&rfi=6

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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