Economic Benefits of Repurposing/ Redeveloping Brownfields Ryan Niles ICMA Conference Presenter.

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Presentation transcript:

Economic Benefits of Repurposing/ Redeveloping Brownfields Ryan Niles ICMA Conference Presenter

Brownfields Realities and Opportunities

Economic Impact of Brownfields Redevelopment Before RedevelopmentAfter Redevelopment - Unpaid Back Taxes+ Taxes Paid in Full - Legacy Property Assessment+ Fresh Property Assessments - Drain on Property Values+ Enhanced Property Values - Eyesore Effects+ Increased Developer Interest - Legacy Property Use+ Site Use Targeted to Achieve Desired Results

Public Funding for Brownfields State/Federal Planning Grants Assessment Grants Cleanup Grants Loan Programs

- Commuter Rail/Amtrak - Identified Brownfield Sites - Active pedestrian commercial corridor - Abandoned rail line 1 hr to Boston Haverhill, Massachusetts Made a Significant Investment in Downtown Brownfields

$1.18M Grants $15M Inf Funds $100M Private Funds New Transit Facility (Parking +315) 2 Residential Developments (342 Units) How it worked

Questions/Comments?