JobsOhio Helps Drive Down the Cost of Brownfield Redevelopment

Aug 15, 2017 | News, Newsletter |

Nate Green.
The Montrose Group.

Infill and urban development is becoming increasingly popular as the Millennial generation choses to live and work in walkable, new urbanist communities. Despite that trend, a greenfield site is much easier to sell and less costly to develop than a brownfield-infill site.

A greenfield site with all the infrastructure in place may sell for $45,000 an acre while a competing brownfield site may need to sell for twice that much to cover the considerable costs of environmental assessment and remediation and demolition. In many instances a public-sector partner is needed to help drive down the costs of the brownfield site to make it compatible cost-wise with a greenfield site.

Click HERE to learn more about JobsOhio programs that help drive down the cost of brownfield redevelopment.

Save the Date – ED NOW!

ED NOW! Act Today For Your Communities' Economic Development Future   ED NOW! is a one-day economic development conference specially designed for elected and appointed officials.  Mark your calendar to attend one of these events near you!   Zane State Cambridge,...

read more

Ohio Chamber of Commerce Research Foundation

For Ohio to compete for businesses, employment opportunities and residents in the years to come, innovation must be more than an ingredient of the state’s economic development efforts; it must be the driver.

read more