WELCOME TO LEED SUSTAINABLE SITES:
BROWNFIELD REMEDIATION
BROWNFIELD BASICS
As part of the efforts to promote sustainable or “smart” growth, a comparison is made between “brownfields” and “greenfields.” Greenfields describe healthy, unused suburban and rural land.
Avoiding penalties!
Receiving tax benefits!
Mitigating liability!
Making more money!
Remediation can result in:
One acre of redeveloped brownfields has been estimated to conserve 4.5 acres of greenfields.
Redeveloping brownfields could accommodate 2.8 million households.
TRIPLE BOTTOM LINE
Air Quality
Findings indicate that brownfield projects, in comparison to greenfield projects, save between 20% and 40% of vehicle miles traveled.
Greenhouse Gases
Urban Development reduces energy consumption and transportation-related greenhouse gas emissions by at least 20% to 40%, and quite possibly more.
Water Quality
Brownfield redevelopment, because it leads to higher population density, tends to reduce per-unit waste water run off.
LEVERAGING Investment
• $1 Public Investment : $8 Total Investment Brownfields-related subsidies are higher
INCREASED Property Values
• Generally 5%-15% and in some cases MUCH HIGHER
INCREASED Local Tax Revenue
• $408 million - $3.8 billion
LOWER Investment in Infrastructure
• Savings generally as high as 90%
REMEDIATION MEANS FINANCIAL STRENGTH! $ $
Leadership From the Top
Connect with Community Priorities
Begin with Completion in Mind
Involve the Community
Partner with the Private Sector
Customize Cleanup
Overcome Financial Barriers
Partner with Your State
Partner with Federal Agencies
KEYS TO SUCCESS
KEYS TO SUCCESS
Stamford has considered its brownfields as prime real estate for revitalization, and used the brownfields aspect of these sites to obtain substantial funding and support from government and the private sector.
CONNECT WITH COMMUNITY PRIORITIES
KEYS TO SUCCESS INVOLVE THE COMMUNITY
KEYS TO SUCCESS CUSTOMIZE THE CLEANUP
KEYS TO SUCCESS OVERCOMING FINANCIAL BARRIERS
Local funding
Tax Incentives
Tax Increment Financing
Tax Abatements
Special Service Areas
Local Revolving Loans
General Obligation Bonds
Debt Leveraging
Creative Use of Fees
REMEDIATION STEPS
Pre-Development
Securing the Deal
Cleanup and Development
Ongoing Maintenance
LIABILITY
Your Liability
INFRASTRUCTURE Magnificent 17th Street Bridge
Connects Atlantic Station with Downtown Atlanta
AN APARTMENT BUILDING WITH SUPPORTIVE HOUSING UNITS, MEDICAL FACILITY, AND TOWNHOMES
WALKWAYS, BIKE PATHS, PARKS, PLAYGROUNDS, WELL LIT WITH SECURITY GATES
TASSAFARONGA VILLAGE
A GREAT PLACE TO LIVE
0% 50% 100%
SSL: Smart location & linkages
NPD: Neighborhood Planning & Design
GCT: Green Construction & Technology
ID: Innovation & Design Process
Points Earned Points Possible
21/30
6/6
TASSAFARONGA’S SCORE CARD
17/31
22/39
CONCLUSION
HOBOKEN, NJ's, WATERFRONT REDEVELOPMENT
• Many brownfields have some contamination.
• Remediation is the process of identifying and removing contaminants.
• Remediation often involves government agencies.
• It is important to choose the right partners, involve the community, and keep everyone informed.
• Developing brownfields improves property values, creates jobs, and makes land available for community enjoyment.