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MA Brownfields Initiative

MA Brownfields Initiative. Privatized Cleanup Program . Streamlined Cleanup Program Licensed Site Professionals (LSP)s Flexibility Built into Standards Cleanup Tailored to Reuse. 1998 Brownfields Act. Partnering of State Agencies Financial Incentives Liability Relief Technical Assistance.

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MA Brownfields Initiative

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  1. MA Brownfields Initiative

  2. Privatized Cleanup Program • Streamlined Cleanup Program • Licensed Site Professionals (LSP)s • Flexibility Built into Standards • Cleanup Tailored to Reuse

  3. 1998 Brownfields Act • Partnering of State Agencies • Financial Incentives • Liability Relief • Technical Assistance

  4. Liability Incentives: • “Eligible Persons” • Downgradient Property Owners • Tenants • Municipalities/CDCs • Secured Lenders

  5. Liability Incentives Cont. • Covenant Not to Sue Program • Complicated BF Projects • Negotiated Agreements • For Seller and Buyer • Cleanup/Redevelopment Must Occur

  6. Financial Incentives: • Brownfields Redevelopment Fund • Assessment Funds • Cleanup Funds • Economic Development

  7. Financial Incentives (cont.) • Brownfields Redevelopment Access to Capital (BRAC) Program • State Subsidized Environmental Insurance • Mitigates Environmental Risk • Volume Discount/Subsidy of 50%

  8. Tax Incentives • MA Brownfields Tax Credit • MA Historic Tax Credit • MA Low-Income Housing Tax Credit • MA Municipal Tax Abatement • Economic Development Incentive Program • Federal Brownfields Tax Deduction

  9. Involved Federal Agencies • Environmental Protection Agency (EPA) • Department of Housing and Urban Development (HUD) • National Park Service (NPS) • Army Corps of Engineers (ACOE) • Department of Transportation (DOT)

  10. Involved State Agencies • MassDEP- Cleanup Standards • MassDevelopment- Loan Funds • MassBusiness- Insurance • Attorney General’s Office- CNTS • Exec. Office Env. Affairs- EJ • Executive Office of Transportation- TOD

  11. Before • Cumming Center, Beverly

  12. After • Cumming Center, Beverly

  13. Before • Brook Street Park, Lawrence

  14. After • Brook Street Park, Lawrence

  15. MassMoca, North Adams

  16. Basketball Hall of Fame, Springfield

  17. Walkers Brook Landfill, Reading

  18. Resources • DEP Websites • Brownfields Programs: http://mass.gov/dep/cleanup/brownfld.htm • Overview Cleanup Process: • http://mass.gov/dep/cleanup/oview.htm • LSP Program: http://mass.gov/dep/cleanup/licensed.htm • Sites List: http://mass.gov/dep/cleanup/sites/report.htm

  19. DEP Contacts Catherine Finneran, DEP BF Coordinator (617) 556-1138 Catherine.finneran@state.ma.us

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