And a major New Jersey based developer is currently marketing a large residential townhouse community which has been developed on a former industrial location. They report good sales. Nationwide, residential brownfields successes are becoming common place. And for municipalities, this translates into increased tax revenue, property value enhancement, and overall rejuvenation. Brownfields redevelopment tools are already in place waiting to be used.
Many states already have comprehensive brownfields programs.
Though they differ in many respects, they generally limit the legal liability of brownfields developers and make loans and grants available for redevelopment purposes. Some programs also create tax incentives to spur redevelopment. Contact your state environmental agency and economic development agency for the details. The federal government has also been heavily involved in restoring the nation's brownfields. With grant programs in place, the federal government has provided financial and technical assistance to numerous municipalities.