Brownfields Slump Highlights Room For Reform

Law360, New York (February 22, 2010, 5:39 PM EST) -- After some good years, brownfields redevelopment has taken an even bigger hit than other types of real estate development and fallen off drastically, prompting calls for reform.

Until recently, brownfields redevelopment was going strong, boosted by demographic shifts and the fact that developers and lenders had grown used to the regulatory process, according to Evans Paull, principal at Redevelopment Economics, a consulting firm that specializes in brownfields and sustainable urban redevelopment.

But not many cleanups are happening now that the market is slumping, experts said....
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