Recent Examples of brownfield from the Web
PA 46-50 (SB 111-115): Package of bills providing tax incentives for transformational redevelopment of large brownfield sites.
Once Gabrielino-Tongva stomping grounds, the parcel later became a thriving rail depot and, eventually, a hotly contested strip of brownfield slated for industrial development.
The $700 million project, which received $30 million in grants and other financial incentives, is expected to break ground in early 2018 on the Ironville site in East Toledo, a former brownfield.
The $13 million includes a total of $7.8 million in public funding: the CRDA loan, $3.4 million in state and federal historic tax credits and a $1.5 million brownfields loan.
The deal marks the latest step in the transformation of the 700-acre brownfield.
Those grants pay for states to carry out a number of federal directives such as toxic substance compliance, pesticides enforcement and brownfield inspections.
But both take large hits in the budget, including brownfields, which would see a 37% cut in EPA funding to manage the program and a 30% drop in grants to states.
The company’s 2017 budget for greenfield and brownfield exploration is stable at $200 million.
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