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Liability for pre-existing contamination acts as a strong deterrent to re-use of brownfield properties. Prospective purchasers simply do not want to expose themselves to potential liability especially when they had nothing to do with the contamination.
At the federal level, there has been an attempt to address liability exposure in order to provide prospective purchasers some level
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The administration of the Clean Ohio program is largely governed by the policies developed by the Clean Ohio Council. Separate policies have been generated for the Clean Ohio Assistance Fund (COAF) and the Clean Ohio Revitalization Fund (CORF).
Over the life of the Clean Ohio program, the Clean Ohio Council has routinely updated the program
I was interviewed for a story on the local NPR station in Cleveland about a Northeast Ohio company that nearly went bankrupt because of confusion over Ohio’s brownfield tax abatement law. The title of the story was "How a Poorly Worded Tax Rule Nearly Bankrupted Ohio’s Oldest Company." Listen to the whole story by clicking
There has been much discussion regarding the use of Land Banks to assist in addressing the aftermath of the foreclosure crisis. Here is an excerpt from the Cleveland Plain Dealer discussing the County’s recently launched non-profit corporate land bank:
Formally launched by the county in April, the new, nonprofit land bank is the first of
These are great times to investigating potential brownfield projects in Ohio. The State has two pots of money available under its Clean Ohio brownfield program. 1) the Clean Ohio Revitalization Fund (CORF); and 2) the Clean Ohio Assistance Fund (COAF). CORF is a competitive grant process where applications are pooled into rounds and the top projects in