The New York City Brownfield Partnership (NYCBP) kicked off its 2019 Redevelopment Roundtable series, a.k.a. a 90-minute information download from experts about all the NYC, NYS, federal and industry trends and hot topics relevant to site revitalization in NYC. The event was sponsored by Tenen Environmental and Bousquet Holstein PLLC, and graciously hosted by Fried, Frank, Harris, Shriver & Jacobson LLP in their conference room space on the 29th floor of One New York Plaza in lower Manhattan. All participants received a 7-page hyperlinked agenda for the topics covered at the Roundtable. The links provide terrific reference materials, but the invaluable knowledge came first-hand from the individuals who spoke, who based on their experience are able to hone in on what is critical, and what is “next.”
Examples of critical information shared at the Redevelopment Roundtable include:
- the NYC Office of Environmental Remediation’s 2018 end-of year metrics and information on clean soil transfers;
- the effect of Federal tax credits, certain nuances of transaction economics in context of remediation, and some uncertainties regarding the impact of properties located in “Opportunity Zones” that may also be qualified for federal or state tax credits;
- concerns about NYSDEC’s interpretation of whether a site is “contaminated enough,” how “underutilized” is being defined, and how “industrial use” is being defined for the purposes of the BCP and state tax credits. Is DEC’s presumption that everyone is trying to exploit the tax credit program? Are their interpretations and application of definitions meant to combat that?;
- infrastructure’s impact on redevelopment was added as a new topic to the Roundtable agenda, with examples ranging from airports to commuter rail service to overstressed water and sewer infrastructure.
The two topics that generated the most discussion were regional topics: emerging contaminants, specifically PFAS and PFOS and management of fill. Federal examples, NYS, NYC, PA and NJ actions, activities and examples were offered for both topics.
The event was completely sold out and enthusiastically attended, and time was also built into the schedule to enjoy refreshments and network with very friendly like-minded brownfield professionals before and after the program.
The NYC Brownfield Partnership is always looking for venues and sponsors for upcoming Roundtables, which are scheduled for June 18, August 6 and December 3, 2019. For more information contact Sue Boyle (email@example.com).
Editor’s Note: Many thanks to Joelle Freeman of AKRF for preparing this reporting template.