What is the purpose of the brownfield plan?
- Demonstrates site eligibility
- Documents the plan for reimbursement of eligible expenditures
- Estimate costs of: Eligible activities, amount of tax increment, and amount of time to pay back costs
- Maximum plan duration - 35 years - Must begin TIF Capture within 5 years of the date of plan approval

Show All Answers

1. What are brownfields?
2. Why is the redevelopment of brownfields important?
3. What is the purpose of the brownfield plan?
4. What sites are eligible for a brownfield?
5. What are eligible activities?
6. What are some of the financial incentives to support brownfield redevelopment? How does tax increment financing (TIF) work?