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Friday, August 31, 2012

NC Brownfields - Ready-for-Reuse Agreement Program

For sites that may have undergone obtaining a brownfields agreement and been denied, or did not enter the program due to use of chemicals of concern by current occupants, the North Carolina Brownfields Program has developed a new approach where a draft brownfields agreement is prepared with the prospective developer listed in the agreement as “to be determined.” The “Ready-for-Reuse Brownfields Agreement” allows a prospective buyer to purchase a site that has a draft brownfields agreement prepared in advance. 

There are still issues to be addressed, depending upon the purchaser’s end use, but the concept is to promote marketing and redevelopment of contaminated sites with CERCLA liability protections. More info is available at the following link - NCDENR - Brownfields Program

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