Archive - July / August 2004 Issue

Publisher’s Letter
Brownfields, by their nature, need government incentives and low-cost capital to cure the perceived and real liabilities associated with these sites and to compensate for the extended time it takes to bring these projects to fruition. Understanding how to blend debt, equity and government incentives to achieve a lower cost of capital is an art.

Industry Watch
Find out about the latest resources and technologies available and read about EPA happenings.

Financing Your Brownfield Project
By Todd Davis
How lenders view environmental liabilities is all a matter of perspective. Many traditional lenders still view the risk associated with quantifying cleanup costs and, consequently, the gap between collateral value and cleanup cost, to be insurmountable. What is the secret of financing your brownfield project in today’s climate?

Communities Evaluate: Values vs. Risks
By Kelly Novak
Most communities generally recognize that brownfields don’t become a community asset until cleaned up and redeveloped. Despite liability and unknown risk concerns, communities are finding that the value of a finished redevelopment is worth the risk.

The Dreaded Comeback

By Chris Olson
Learn how to reintroduce idled land assets back into the mainstream, including 10 ways to emerge from the fence and hold cocoon and 5 additional measures for the risk-adverse.

Financial Incentives in Canada
By Luc Picconi
Canada lags at least ten years behind the United States in terms of financial incentives offered to promote brownfield development. It is only in the last few years that all levels of government in Canada have begun to address the issue by developing and offering financial incentives to promote brownfield development.

A One-Two Punch for Contaminated Groundwater
New techniques have become available to deal with solvents, such as the permeable reactive barrier. It is a subterranean barrier that cleans the contamination passing through it. Its beauty is that the pollutant’s own chemical properties become its undoing.

Technology and Property Value Chain
By Ken Kastman
Technology can enhance property value by controlling costs and reducing uncertainty in the redevelopment process in several key ways.

HUD and EDA Programs
By Charlie Bartsch
Many communities have successfully tapped into lesser-known federal programs to help both public and private parties pursue brownfield projects. Much of this assistance has come through economic development programs offered by HUD and the Economic Development Administration (EDA).

What to Expect When You’re Insuring
By Alan Bressler
Environmental insurance has become widely accepted as a preferred means of reducing, transferring and allocating environmental risk in brownfield transactions and
redevelopment projects. However, many participants have unrealistic expectations about these products.

Government and the Future of Brownfield Financing
Point by Sven-Eric Kaiser
Counterpoints by Irv Cohen and Dean Jeffery Tegelo
When it comes to financing brownfields, the U.S. Environmental Protection Agency (EPA) and its federal partners have a bit of everything going. Whether viewed as a financial savior, an unwelcome meddler, or something in between, there is no doubt that the federal government has been deeply involved in brownfields and that role will likely continue for the foreseeable future.

Targeted News From Your Marketplace
Eastern Regional Edition
Midwestern Regional Edition
Southern Regional Edition