Definition
Brownfields are abandoned properties with environmental contamination. They're available at discounts but require remediation expertise and environmental assessment.
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Brownfields are often available at discounts due to contamination liability. Federal and state programs provide remediation incentives and liability protection. Brownfield redevelopment can be profitable but requires expertise. Environmental assessment is essential.
Pro Tip
Brownfield programs offer tax credits. Work with environmental consultants.
Example
A former gas station site with soil and groundwater contamination requiring remediation for redevelopment.