Brownfields in New York
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Learn what governmental programs are available in New York State to assist in the remediation and redevelopment of contaminated property.
New York State's Brownfield Cleanup Program (the BCP) can be used to facilitate the remediation and ultimate redevelopment of contaminated property so that it can be put back into productive use to help revitalize economically blighted communities. The BCP has evolved into an essential tool to assist developers in creating productive urban and suburban spaces that include both environmental and financial benefits for developers and communities alike. This material provides guidance on how to use the BCP as a tool to obtain liability protection, obtain potentially valuable tax credits, and increase project finance-ability by utilizing the BCP. It then provides practice pointers to help minimize liability and maximize financial incentives in an environmentally responsible manner. This information is critical for professionals handling the transfer and redevelopment of contaminated property in New York State.
AuthorsGeorge Duke, Esq., P.G., Brown Sharlow Duke & Fogel, P.C Michael Fogel, Esq., Brown Sharlow Duke & Fogel, P.C
How to Determine Whether Your or Your Client's Property Is Eligible for the New York State Brownfield Cleanup Program
• Overview of the New York State Browfields Cleanup Program
• Benefits and Limitations
How to Get Your or Your Client's Property Into the New York State Brownfield Cleanup Program
• The Application Process
• The Brownfield Cleanup Agreement
Remedial Options Under the New York State Brownfield Cleanup Program
Available Tax Credits and Liability Limitations
Understanding the Implications of Participating in the Different Versions of the New York State Brownfield Cleanup Program
Knowing the Applicable Deadlines and How to Protect Yourself and Your Clients
Developments in and the Future of the New York State Brownfield Cleanup Program