CBS6 - Search Results
NY comptroller urges brownfields cleanup overhaul
By MICHAEL VIRTANEN / Associated Press
ALBANY -- New York's comptroller is calling for an overhaul of state programs for restoring thousands of abandoned and contaminated industrial sites.
The recommendation comes after the state spent nearly $1 billion over two decades to clean up about 400 of the brownfields.
Cleanup projects typically take years to finish, with developers qualifying for tax credits afterward. Key program provisions expire in 2015.
In a report to be issued Monday, Comptroller Thomas DiNapoli says the state may incur another $3.3 billion in costs from the tax credits over the next few years.
The report calls for limiting tax incentives while extending liability protections and streamlining regulations for developers.
The Department of Environmental Conservation, which administers the program, says it's working with stakeholders to improve it.