Brownfields are vacant or underutilized properties such as former industrial sites, closed gas stations, dry cleaners, disposal sites, or foundries that have remained unused or underdeveloped after the original business closed. Brownfields can pose health and safety risks and become costly to the communities where they are located. They can also be redeveloped to meet health, safety, and environmental standards.
Brownfield properties provide opportunities for new investment that help achieve long term objectives including:
In many instances, local municipalities provide financial incentive for developers to undertake the redevelopment of Brownfield properties, through cost reimbursement and tax incentives. These incentives are typically called ‘Brownfield Incentives’.
Premier’s team has extensive experience in helping clients obtain Brownfield incentives through liaison with the applicable municipalities and lobbying efforts.
Contact Us today to learn more about our Brownfields Redevelopment Services.
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