It's on the minds of Realtors, planners, bankers, insurance agents, developers, activists, and yes, even the federal government. For some it conjures up visions of fat wallets and for others very thin wallets. These days, a creative and persistent person who can develop a Brownfield into a viable and productive business that creates jobs or services is ordained a saint by community activists and government alike. You must earn those wings. Brownfield programs differ from state to state and sometimes from city to city.
Confusion is inevitable.
There are federal and state incentives and regulations as well as local community pressures. However, for those who are willing to search for and educate themselves about Brownfields, the benefits can be unmatched. Some properties are not nearly as contaminated as first perceived to be. The quality of available infrastructure, location, and historical value may prove to be characteristics that outweigh the perceived problem and initial investment. Besides the actual property acquisition there is a certain advantage that comes out of a Brownfield real estate deal.