Norris McLaughlin & Marcus, P.A.

Blogs > NJ Real Estate Dispute

brownfields

Jun 03, 2011

Brownfields Fund Is Shut Down

The State announced Thursday, June 2, 2011, that the Hazardous Discharge Site Remediation Fund (HDSRF), which helps developers and communities clean up brownfields sites, has run out of funds and is being shut down.¬† Although the HDSRF is supposed to receive constitutionally dedicated funding via the corporate business tax, the Christie Administration proposes to divert any new monies generated by that tax to balance next year’s budget.¬†» Read More

Mar 29, 2011

Brownfields Redevelopment: Boom or Bust in New Jersey?

With more analysts predicting a “double dip” in real estate, the state government needs to offer generous incentives to brownfield redevelopers for their willingness to undertake such risky ventures. ¬†Moreover, a strong brownfields redevelopment policy is consistent with preserving open space and fostering Smart Growth principles. There are certain disincentives currently in place for brownfields redevelopment that need to be addressed by New Jersey legislative officials in order to help revitalize the thousands of brownfield sites that currently plague the state.» Read More

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