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Thanks for stopping by the Three West Blog. Hopefully we can offer you some expertise regarding Northern Michigan commercial real estate, brokerage, leasing, property management, and business issues in and around the Traverse City region. The main purpose for our blog is to educate and help those looking for a resource as it relates to your commercial real estate and business needs. If you have a specific question, shoot us an e-mail at info@threewest.net and we'll do our best to provide an answer. We'll also post many of the frequently asked questions and answers that we come across on a daily basis. We look forward to hearing from you. Check back often. Brownfield RedevelopmentDefinition of a BrownfieldPosted by Kevin Endres - Jan 23, 2009 The Definition of a "Brownfield Site", according to the EPA is,
A more detailed definition along with can be found at the EPA's website. In Michigan brownfields are considered properties that are either contaminated, blighted, or functionally obsolete. The Brownfield Redevelopment Financing Act, Public Act 381 of 1996, provides tax incentives for developers and communities to redevelop these properties that may otherwise sit in disarray for years. One of Mcihgan's most successful Brownfield Redevelopment projects is Traverse City's own Copper Ridge. Copper Ridge was the site of the old Grand Traverse County Road Commission. Years of dumping, on-site fuel and salt storage had contaminated the site. With the help of the Brownfield incentives, the developers were able to mitigate and cap the contamination and turn the property into the areas premiere office and retail complex. For more on Copper Ridge, click here.
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