Brownfields Assessments

Brownfields Assessments

Brownfields sites are abandoned, idled, or underused industrial or commercial properties where expansion, reuse, or redevelopment may be complicated by real or perceived environmental conditions. The properties are frequently addressed by a Brownfields Redevelopment Project aimed at rejuvenating abandoned, vacant, or underused properties in order to utilize them to their greatest potential. Brownfields Redevelopment Projects are incentive-driven programs with financial enticements for redevelopment and liability relief when cleaning up any identified contamination. A Brownfields designation opens the door to federal, state, and local incentives that might not otherwise be available, including job creation bonuses.

aes‘ team is familiar with regulatory personnel and procedures for Brownfields and can navigate you through the Brownfields Redevelopment process. Among the greatest values in a creative Brownfields Redevelopment project is the attainment of an Environmental Liability Release for lenders and redevelopers who agree to clean up impacted sites, thereby turning an underutilized property into an attractive investment opportunity for investors and developers.