In this article for Area Development, BLS & Co. Project Director Michelle Comerford provides insights on how brownfield sites offer and undergo redevelopment opportunities. Read more below.
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Brownfield sites are often associated with contamination and environmental hazards. Whether real or perceived, contamination may require costly cleanup efforts to make them viable for redevelopment.
A Remediation Plan Is Needed
Before a site can change hands legally, a remediation plan for the site must be made along with ongoing monitoring of the contaminated area(s) that the owner must usually continue to handle unless a new buyer agrees to take the task on as part of the deal, explains Michelle Comerford, a project director and leader of the Supply Chain Practice at Biggins Lacy Shapiro & Co.
Michelle Comerford is the Industrial & Supply Chain Practice Leader at Biggins Lacy Shapiro & Co., one of the largest, most highly regarded site selection and incentives advisory firms in North America. BLS & Co. helps manage the complexities associated with finding optimal location and securing incentives to support new ventures. Michelle has recently been published in fDi Magazine, Inbound Logistics, Trade & Industry Development, Supply & Demand Chain Executive, among others.