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Brownfields law passes with Hilary amendments.


The U.S. Senate recently passed legislation that could make it easier to develop the nation's brownfields sites.

"For too long we've turned our backs on these blighted areas because of partisan politics," said Sen. Hillary Clinton, at a recent New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Building Congress luncheon. "I am very pleased that we were able to get through the Senate we hope we can get it through the House."

The U.S. House of Representatives will consider the legislation, which is supported by President George W. Bush and a broad array of private-sector groups such as the Real Estate Roundtable, U.S. Conference of Mayors and Trust for Public Land.

"If enacted, this legislation will go a long way toward removing the specter of Superfund liability from potential brownfields transactions and generate much needed economic investment in distressed communities," said Real Estate Roundtable chairman Nelson Rising, who testified on behalf of the bill.

Ron Bruder, chairman of the Brookhill Group, said he has developed brownfields across the country, but has not done any projects in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
. In some locations, the economic incentive of completing a project is adequate to overcome costs associated with brownfields cleanup. For instance, he is currently doing a project in Sarasota, Fla., that requires a $3 million cleanup. In many other locations, however, absorbing cleanup costs makes a project economically unfeasible.

"The cleanup is expensive in Sarasota, but it's worth it," Bruder said. "I don't do "I Don't Do" was the debut single by glamour model Michelle Marsh, released on 6 November 2006. The single reached 27 in the UK in its first week, selling only 9,000 copies and over 16,000 copies as of January 2007. The single spend a total of four weeks in the Top 75.  any projects in New York because there's no legislation here. But if there were, I would. I'm a big proponent of this."

The bill was sponsored by Sens. Lincoln Chaffee, R-R.I., Robert Smith Robert Smith, Bob Smith or Bobby Smith may refer to:

Business
  • Robert Barr Smith (1824–1915), Australian businessman and philanthropist
  • Robert H.
, R-N R-N Raion (Russian, district; used in postal addresses) .H., Harry Reid, D-Nev., and Barbara Boxer Barbara Levy Boxer (born November 11, 1940) is an American politician and the current junior U.S. Senator from the State of California.

A member of the Democratic Party, Boxer was first elected to the U.S.
, D-Calif.

If signed into law, the bill would ease real estate owners' and prospective purchasers' environmental cleanup The process of removing solid, liquid, and hazardous wastes, except for unexploded ordnance, resulting from the joint operation of US forces to a condition that approaches the one existing prior to operation as determined by the environmental baseline survey, if one was conducted.  liability under the 1980 Superfund law, including the liability that faces landowners whose properties become contaminated contaminated,
v 1. made radioactive by the addition of small quantities of radioactive material.
2. made contaminated by adding infective or radiographic materials.
3. an infective surface or object.
 by pollution migrating from adjacent sites. It would also provide real estate owners with a greater sense of finality fi·nal·i·ty  
n. pl. fi·nal·i·ties
1. The condition or fact of being final.

2. A final, conclusive, or decisive act or utterance.

Noun 1.
 on voluntary brownfields cleanup projects approved by state authorities and would provide some financial incentives for the investigation and remediation of these sites.

Under current law, companies that own or acquire brownfields sites are potentially liable for the entire cost of remediating hazardous substances on sites, even if they were not responsible for the pollution. Clean-up can cost millions and result in developers walking away from polluted sites.

Bruder said many states have enacted brownfields laws with similar provisions, but the federal government has not.

"The federal government is easier to deal with and the money is easier to get," he said. "The state money is there but it's harder to get."

The legislation includes two amendments introduced by Clinton, including one that targets assistance for the clean-up of polluted sites to communities that are experiencing a higher than normal incidence of diseases like cancer, asthma or birth defects birth defects, abnormalities in physical or mental structure or function that are present at birth. They range from minor to seriously deforming or life-threatening. A major defect of some type occurs in approximately 3% of all births. . The second empowers communities to make sure that potentially contaminated sites in their areas are not overlooked, Clinton said.

"Communities that are coping with high rates of disease should receive top priority when it comes to cleaning up contaminated brownfields sites," she said. "And as we struggle to understand the link between environmental and health problems, this legislation will help us to better identify these areas and explore the connection between health problems and exposure to toxins."
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Article Details
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Author:KEITH, NATALIE
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:May 9, 2001
Words:560
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