Arrowood’s group of professionals have extensive experience in relation to Brownfields programs offered by state and federal regulatory programs. Arrowood has assisted numerous private and public entities in completion of Brownfield projects for the redevelopment of contaminated properties.
What is the definition of “Brownfield”?
The Georgia Environmental Protection Division (EPD) defines a brownfield as “real property, the expansion, redevelopment, or reuse of land which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant”.
Prospective Purchasers
Arrowood can assist prospective purchasers in assessing a potentially eligible property in order to define the costs and liabilities of purchasing the property for redevelopment. Many of these eligible properties are in highly desired locations and can provide a footprint of required infrastructure needed for redevelopment. Prospective purchasers can be approved for remediation funding and tax incentives, as well as an establishment of limited liability before purchasing an eligible property.
Arrowood can assist clients in the following:
- Evaluating potentially eligible contaminated or potentially contaminated properties;
- Applying for State and Federal Grants;
- Completion of a Prospective Purchaser Corrective Action Plan (PPCAP) and/or Prospective Purchaser Compliance Status Report (PPCSR);
- Management and oversight of remedial clean-up activities;
- Coordination with regulatory agencies;
- Completion of public outreach and awareness; and
- Obtaining Federal and State approvals.
Georgia Brownfield’s Program
The Georgia Brownfield’s Program allows for the redevelopment or use of contaminated properties while protecting the purchaser from future liability. Acceptance into the program has several benefits to the prospective purchaser such as:
- Prospective purchasers of brownfield properties for which a CAP or CSR has been approved and a limitation of liability has been issued and not revoked are eligible to recoup eligible brownfield costs incurred to certify compliance through abatement of property taxes. Cost documentation is provided to Georgia EPD for review, and a certification of costs is then issued to the prospective purchaser who applies at the local taxing authority for the preferential brownfield assessment.
- Approved properties/purchasers receive liability protection from remediation of groundwater contamination, third party liability claims, and future regulatory changes.
Contact Arrowood and it’s team of experienced professionals in order to evaluate potential options as it may relate to your Brownfield needs.
