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Installation of public infrastructure to enable redevelopment of 585 acre Federal brownfield site (TCAAP) into a billion dollar mixed use development, including right of way prep involving demolition of substandard buildings, soil correction, and grading.
$40,000,000.00 - 7500 jobs - CDBG Program
21% voted critical - 79% voted not critical - 314 votes cast
Yes
No
Wiki Description
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[edit] General Description
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[edit] Points in Favor
Having a brownfield area in your city is like having cancer. Because you can't build on it, it becomes a big ugly sore on the landscape. If you don't do something about it, the situation will almost certainly get worse.
Cleaning up a brownfield is one of the most important things a city or metro area can do to keep itself strong. Unfortunately, private developers are rarely willing or able to foot the bill for this sort of cleanup. This is because brownfield costs often make the project unprofitable in the short term, and also because brownfield cleanup costs are extremely difficult to estimate. Therefore, it's the government which must do the front end investment to reinvigorate a brownfield and its surrounding area. That's because it's not only the brownfield area itself that will benefit from such a cleanup, but also the area around it, where property values have no doubt dropped because of it, and the whole city, because of the increase in the tax base and in the city's quality of life which ultimately come from this type of civic spending.
[edit] Points Against