[CPEO-BIF] Delaware U. study - brownfields program pays off

[Lenny Siegel <lsiegel@cpeo.org>]

Study cites added value of 'brownfield' cleanup

By JEFF MONTGOMERY
Wilmington News Journal (DE)
May 28, 2010

A state program that subsidizes redevelopment of contaminated land and 
idle industrial sites sharply increased the property's value, returning 
an average $17.50 on the dollar, according to a newly released 
University of Delaware study.

In New Castle County, property values for "brownfield" redevelopment 
rose at 10 times the rate of other nearby properties, the report for 
Delaware's Department of Natural Resources and Environmental Control 
said. Much of the gain was seen at redeveloped properties along 
Wilmington's Christina riverfront.

DNREC's Brownfield Program provides grants of up to $225,000 to assist 
private developers with environmental remedies on land that would 
otherwise be considered a low priority for environmental cleanup, DNREC 
acting Air and Waste Management Director Marjorie A. Crofts said. 
Non-profit groups and municipal governments are eligible for up to $1 
million per project.


...

For the entire article, see
http://www.delawareonline.com/article/20100528/NEWS/100528032/Study+cites+added+value+of++brownfield++cleanup

--


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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