Filed under: Sustainability | Tags: Brownfields, Incentives, Sustainability Practices
One of the more spectacular stories of the economic crash of 2008-09 was the collapse and subsequent $50 billion government bailout of General Motors. Fast forward to 2011, and the new, streamlined GM is out of bankruptcy and back on track as its cars and trucks are once again in demand. But a key part of GM’s turnaround was its ability to strip off numerous contaminated properties in need of costly environmental remediation. Those properties have now been collected in a government-administered trust that will make millions available to applicants who can propose viable plans for cleanup and “repurposing” of the 89 sites in 14 states. The goal is to rehabilitate and sell these properties as quickly as possible and get them back into productive use. Learn more here.
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