Carl Weisbrod | Real Estate Weekly
Governor Andrew M. Cuomo announced the designation of 12 brownfield opportunity areas in economically-challenged communities across New York State.
The Brownfield Opportunity Areas Program helps local communities establish revitalization strategies that return dormant and blighted areas into productive areas to spur economic development.
The designation is based upon plans of varying focus that reflect local conditions, and projects receiving this designation are given priority status for grants and additional Brownfield Cleanup Program tax credit incentives.
“By designating these sites as brownfield opportunity areas, we are helping to reimagine their potential as vibrant parts of the surrounding communities,” Governor Cuomo said.
“This distinction allows us to put their rehabilitation on the fast-track with additional state resources, and that means new development, jobs and opportunities in the future. This is another way that our administration is joining with local partners to revitalize blighted areas across the state, and I look forward to seeing their transformation continue in the days to come.” Read more