"...the term `brownfield site’ means real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant" (EPA).
The 2002 Brownfields Revitalization Act expanded EPA’s assistance program. It provides incentives, such as tax incentives, cleanup grants, and limitation of liability to purchasers and developers of Brownfields sites.
Sites containing contaminated groundwater, contaminated soil, and contaminated structures are potential candidates for Brownfield status.
Private investors, developers, and potential buyers of contaminated sites are facing a daunting task when trying to assess the feasibility of purchasing such sites. The extent and level of contamination, the costs of potential remediation, potential abatement (asbestos, lead etc.), demolition, and disposal of existing structures are some of the unknowns associated when evaluating the feasibility of re-development.
Beyond feasibility assessments, CTI works with purchasers and developers to:
- Prepare and submit Brownfield applications;
- Prepare and execute Corrective Action Plans;
- Provide remediation, abatement, and demolition services;
- Prepare and submit reports to the local, state, and federal agencies.
- Brownfield Feasibility Assessment