Brownfields redevelopment projects are saddled with risk management, cost, and timing challenges not encountered in conventional real estate development. Often the required excavation and substructure construction directly facilitates or serves as the remedial solution and, when successfully coordinated, can significantly reduce contamination-driven increases in redevelopment costs and timing.
Key elements of the brownfield redevelopment process are discussed in this EHS Daily Advisor article, including the important benefits of integrating construction and remediation activities.
“The EPA’s Brownfields Program is designed to empower states, communities, and other stakeholders in economic redevelopment to work together in a timely manner to prevent, assess, safely clean up, and sustainably reuse brownfields,” according to the EPA. “Cleaning up and reinvesting in these properties increases local tax bases, facilitates job growth, utilizes existing infrastructure, takes development pressures off of undeveloped, open land, and both improves and protects the environment.”
https://ehsdailyadvisor.blr.com/2021/05/brownfields-a-look-at-designations-funding-and-usage/
