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Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development Presentation to Niagara County Legislature January 20, 2015

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Page 1: Overview of New York State Brownfield Cleanup …...Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development

Overview of New York State Brownfield Cleanup Program

AmyE.Fisk,AICP,SeniorPlannerNiagaraCountyDepartmentofEconomicDevelopment

PresentationtoNiagaraCountyLegislature

January20,2015

Page 2: Overview of New York State Brownfield Cleanup …...Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development

Abrownfieldsiteisanyrealproperty,theredevelopmentorreuseofwhichmaybecomplicatedbythepresenceorpotentialpresenceofacontaminant.Acontaminantmaybehazardouswasteand/orpetroleum.

Whatisabrownfield?

Page 3: Overview of New York State Brownfield Cleanup …...Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development

• CreatedbyNYSin2003andamendedin2008toencourageandincentivizeprivatesectorremediationanddevelopmentofcontaminatedsiteswhilereducingdevelopmentpressureonvacantruralproperties.

• ProvidestaxincentivesandliabilityprotectionsforsitesremediatedtoNYSstandardsunderNYSoversight.

• Undercurrentlaw,taxcreditsareonlyavailableifremediationiscompletedandaCertificateofCompletion(COC)fromNYSisissuedbeforeDecember31,2015.

NYSBrownfieldCleanupProgram

Page 4: Overview of New York State Brownfield Cleanup …...Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development

NYSBrownfieldRedevelopmentTaxCredits

Sitepreparationandgroundwaterremediationtaxcredits• Rangesfrom22%ofthecostsforcleanuptoindustriallevelsto50%ofthecostsforcleanuptounrestrictedlevels.

Tangiblepropertycreditsrangefrom10%‐24%ofthecostsofbuildingsandimprovements.

• Non‐manufacturingprojectcap– Lesserof$35millionor3xsitepreparationandgroundwaterremediationcosts.

• Manufacturingprojectcap– Lesserof$45millionor6xsitepreparationandon‐sitegroundwaterremediationcosts.

Creditsarerefundableandtransferrabletonewowners.

Page 5: Overview of New York State Brownfield Cleanup …...Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development

BrownfieldInvestments

Forevery$1inbrownfieldcleanuptaxcreditsgranted,$10inprivateinvestmentfollowed

TenprojectsinNiagaraCountyhavebeenissuedCertificatesofCompletionfromNYSresultinginaninvestmentof$590millionandthecreationof969newjobs.

Page 6: Overview of New York State Brownfield Cleanup …...Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development

GreenpacMill,NiagaraFalls

• Locatedat4400RoyalAvenueintheCityofNiagaraFalls

• Remediationcompletedin2012

• $430millioninvestmentfortheconstructionofanewpapermillthatmanufacturesalightweightlinerboard,madewith100%recycledfibers

• 105newjobscreated

Page 7: Overview of New York State Brownfield Cleanup …...Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development

RemingtonLofts,NorthTonawanda

• LocatedindowntownNorthTonawandaalongtheErieCanal

• Formerlymanufacturedwoodencarouselhorsesandtypewriters

• $25millioninvestmentformixed‐usedevelopment

• 100newjobscreated

Page 8: Overview of New York State Brownfield Cleanup …...Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development

BasilToyota,TownofLockport

• Locatedat6157SouthTransitRoadintheTownofLockport

• Remediationcompletedin2011

• $4.7millioninvestmentfornewBasilToyotadealership

• 10newjobscreated

Page 9: Overview of New York State Brownfield Cleanup …...Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development

FiveprojectsinBCPthathavenotreceivedCOC:1.710NiagaraStreet,NiagaraFalls2.Rail‐to‐TruckIntermodalFacility,13947th Street,NiagaraFalls

3.MerraniHospitality,402and403BuffaloAvenue,NiagaraFalls

4.600RiverRoad,NorthTonawanda5.31WebsterStreet,NorthTonawanda

Representsaproposed$54millioninvestmentandcreationof109newjobs

OngoingProjectsinNYSBCP

Page 10: Overview of New York State Brownfield Cleanup …...Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development

• NYSneedstoextendtheBCPforatleast10yearstoprovidethecertaintyneededtoplanandreducerisktodevelopers.

• NYSneedstoconsiderreformstotheBCPtotargetincentivestoprojectsthattrulyneedhelp.

• ExtensionoftheBCPmusthappenin2015orelseexistingprojectsinNiagaraCountymaybeinjeopardy.

NYSActionRequired

Page 11: Overview of New York State Brownfield Cleanup …...Overview of New York State Brownfield Cleanup Program Amy E. Fisk, AICP, Senior Planner Niagara County Department of Economic Development

ContactInformation

AmyE.Fisk,AICP,SeniorPlannerNiagaraCountyDepartmentofEconomicDevelopmentPresident,NiagaraCountyBrownfieldDevelopmentCorporationPhone:(716)278‐8750Email:[email protected]

THANKYOU!


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