In a bid to rehabilitate the Brownfields Tax Credit application and approval process, the Massachusetts Department of Revenue has issued final regulations (830 CMR 63.38Q.1) and new administrative procedures (AP 636) governing credit applications received on or after July 9, 2021.
Ohio’s new biennial budget, signed into law by Governor DeWine on June 30, brings good news for the redevelopment of brownfields and other distressed properties in Ohio.
Less than a decade ago, the economic malaise in Rocky Mount, North Carolina, was tangible. Rocky Mount Mills, a big cotton mill that had given the town its identity, had shut down in 1996, costing the area hundreds of jobs. Downtown was deserted. Nobody was hiring.
Brownfield regeneration poses unique challenges to cities around the world; climate change and sea-level rise (SLR) make the regeneration of waterfront sites increasingly complex.
For an average citizen, what does it mean the term brownfields and why should you care?