Brownfields are vacant or underutilized sites where contamination (or merely the perception of contamination) is impeding new investment. It has been conservatively estimated that there are 2,500 acres of brownfield sites in the City of Baltimore. Redevelopment of those properties could provide thousands of new jobs and millions of dollars in new annual property tax revenues.
The BDC spearheads the City’s Brownfields Initiative, addressing and overcoming regulatory, financing, and liability hurdles that inhibit Brownfields redevelopment. BDC staff assists businesses that are considering sites affected by contamination issues, acting as an ombudsman to help overcome impediments to redevelopment. Since 1996, Baltimore has completed over 40 Brownfields projects, producing more than 7,000 new or retained jobs and leveraging more than $500 million in new investment. Brownfield projects in the development pipeline will add dramatically to those totals.
This effort is lead by the Industrial Development Team. For more information please contact Gary Suskauer, Director of the Brownfields Initiative.