Cities Reaping Rewards of Redevelopment Measure, Say Mayors

Sanchez, Humberto
June 2003
Bond Buyer;6/10/2003, Vol. 344 Issue 31653, p5
Trade Publication
This article focuses on the brownfield reclamation legislation enacted in the United States in 2003. A survey released on June 9, 2003 by the U.S. Conference of Mayors reported that 45 cities raised an additional 90 million dollars in local tax revenue by redeveloping moderately contaminated abandoned industrial sites. The redevelopment of brownfields has been helped considerably by the enactment of the Small Business Liability and Brownfields Redevelopment Act of 2002, which excluded prospective brownfield redevelopers from the liability laws that discouraged cleanup of sites.


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