[CPEO-BIF] Minnesota "Brownfields tax relief goes largely unused"

[Lenny Siegel <lsiegel@cpeo.org>]

Brownfields tax relief goes largely unused

Even as brownfield sites around the state get cleaned up, owners  
aren't applying for the significant tax savings.

By DON JACOBSON
Minneapolis Star Tribune (MN)
February 27, 2011

Moves to redevelop polluted Minnesota "brownfields" into jobs- 
producing new commercial real estate projects essentially began in  
the 1990s with the passage of a batch of legislation that offered up  
tax dollars to local governments as incentives, and has since been  
used to leverage billions of dollars in private investments.

But in these budget-cutting times when grants from state agencies are  
under the ax, redevelopment experts are drawing attention to an  
important but little-known tax relief tool available for property  
owners that could play a big role in keeping costly brownfields  
reclamation projects alive.

...

For the entire article, see
http://www.startribune.com/business/116954893.html

--

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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