FDEP Touts the Success of the State’s Brownfields Redevelopment Program

more+
less-

Florida Department of Environmental Protection (FDEP) touts the success of the State’s Brownfields Redevelopment Program.  Since its inception in 1997, Florida’s Brownfields Redevelopment Act ( Florida Statutes Sections 376.77 -376.85) has been viewed as successfully encouraging the redevelopment of abandoned or underutilized industrial and commercial property. The Brownfield’s program provides a mix of regulatory and financial incentives  to encourage the  voluntary cleanup and redevelopment of qualified sites. FDEP recently released its Annual Report on the Brownfields Program for its fiscal year 2013-2014. To date there have been 362 Brownfield sites designated, with 75 of those sites remediated. Reflecting the maturity of the program, only 18 new sites were designate this past fiscal year, with 15 site rehabilitation agreements executed . FDEP has projected the Brownfield Program as a whole has spurred 65,000 direct and indirect jobs and a total of $2.5 billion in capital investment, of which $194,593,470 occurred in calendar year 2013.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Burr & Forman | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×