Developers Illegally Reaped Brownfield Tax Credits: Mo. AG

Law360, New York (September 7, 2012, 7:12 PM EDT) -- The Missouri attorney general has lodged a lawsuit against a developer that allegedly raked in state tax credits for a brownfield redevelopment project that it never completed or properly remediated, according to a Friday statement.

Seeking to recover the credits, which were sold to a third-party along with the project and can therefore not be canceled, Attorney General Chris Koster alleges that an environmental consultant for Ballpark Lofts I LLC wrongfully submitted a report that claimed remediation of the site's lead paint had been completed when...
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