[CPEO-BIF] Florida brownfields program
Lenny Siegel
lsiegel at cpeo.org
Thu Oct 12 23:15:13 PDT 2006
Incentives needed for cleanup, development
by Teri L. Donaldson
Fort Myers News Press (FL)
October 12, 2006
Gov. Jeb Bush recently signed legislation overhauling Florida's
brownfields program, and in doing so placed Florida first in the nation
in the amount of corporate income tax credits available for the
redevelopment of brownfields.
Under the new program, developers who incur costs cleaning up a site can
recover as much as $1 million in tax credits in the final year of
cleanup, with additional perks for redevelopment that results in
affordable housing. With housing costs on the rise and land increasingly
scarce in metropolitan areas, the new legislation could mean much-needed
relief for many communities throughout Florida.
A brownfield is any property that has been abandoned or underused due to
possible environmental contamination, in both rural and urban areas.
Florida has thousands of such properties, some of which span hundreds of
acres. There are four designated brownfield sites in Lee County,
including the Dunbar Enterprise Zone Brownfield Area.
...
For the entire article, see
http://www.news-press.com/apps/pbcs.dll/article?AID=/20061012/OPINION/610120360/1075
--
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
<lsiegel at cpeo.org>
http://www.cpeo.org
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