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New Jersey EDA Approves Brownfield Loan Program

Agency Aims to Spur Redevelopment of Contaminated Properties
Historically, remediation has been a barrier to brownfield redevelopment projects because there wasn't funding to support site assessment and cleanup. (Getty Images)
Historically, remediation has been a barrier to brownfield redevelopment projects because there wasn't funding to support site assessment and cleanup. (Getty Images)
CoStar News
November 16, 2020 | 7:41 P.M.

The New Jersey Economic Development Authority has approved the creation of a brownfield loan program as an incentive for real estate developers to revitalize contaminated sites in the Garden State.

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