The Benefits of Brownfield Development Emphasized to Congressional Leaders

07/05/2005 |

NAIOP hopes that leaders make this important issue a federal priority

 

On June 28, the Herndon, VA-based National Association of Industrial and Office Properties (NAIOP) submitted testimony to a Saving America’s Cities Working Group and Advisory Committee on the importance of brownfield development. The testimony included information about the benefit to local economies and cited the millions of tax dollars and other funds that could be advantageous for communities if private developers were encouraged to build on brownfield sites. According to the organization, “NAIOP emphasized the importance of tax credits for remediation expenses and the rescission of the ‘windfall lien’ provision.”

Led by House Speaker Dennis Hastert (R-IL) and co-chaired by Congressman Mike Turner (R-OH) and Vice Presidential Candidate Jack Kemp, Saving America’s Cities is instrumental in developing the policies and objectives that address the financial challenges of cities nationwide. A recent request for advice went out to various organizations; Saving America’s Cities encouraged the sharing of ideas on how federal policies can better assist cities and thereby help the group achieve its mission.

To read the complete testimony submitted by NAIOP, visit (http://www.naiop.org/governmentaffairs/pdf/SAC_Testimony_0605.pdf) or contact John Bryant at (703) 904-7100, ext. 162 for more information.

 


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