Newsroom
Canadian City Urges Deal to Remediate Brownfields
News
March 29, 2011
In this article, city planner, Jason Ferrigan, of Greater Sudbury, Canada, makes the case for the redevelopment of brownfields. In a report presented to council, Ferrigan gave an example of a former gas station on a key corner lot situated in a town center surrounded by homes and businesses. The vacant property is assessed at $69,000 and generates $2,276 in annual tax revenue. If developed into a one-story commercial building, Ferrigan estimated the assessed value would increase to $467,000 with an annual tax revenue of $22,000 – that’s nearly a $20,000 increase, or 866 percent.
Click here to read the complete article in the Sudbury Star newspaper.