Real Estate/Development
Aug. 14, 2014
Developers look to brownfields for new projects
Lawyers say improvements in risk assessment associated with the sensitive areas and a willingness on the part of cities to negotiate favorable deals has led to a significant spike in landfill conversion.
By Alex Shively
Daily Journal Staff Writer
Cities often struggle to find ways to capitalize on vacant old landfills. In recent years, some have worked out deals with alternative power companies to turn them into solar farms. But n ow, with development on the upsurge amid the rebounding real estate market, companies scrambling to find open space for building are increasingly taking a fresh look at the so-called brownfields as sites for massive housing and retail proje...
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