To the uninitiated, the prospect of redeveloping contaminated property seems like a daunting prospect fraught with unknowns and uncontrollable costs. Savvy developers, however, are always on the lookout for the right circumstance to unlock the potential economic upside inherent in such properties. In turn, forward thinking municipalities know that the availability of public financing and use of creative contracting can be the stimulus that brings contaminated property back into productive use.
Our panel will provide an overview of the current financing programs that may offset the costs to investigate and remediate these properties, either through grants or loans. We will also discuss the contractual mechanisms whereby municipalities and developers can establish symbiotic relationships to better achieve success. Whether you represent developers or municipal clients, our lunchtime webinar will help you understand the framework to successfully secure available funding and to draft mutually-beneficial contracts.
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NJSBA and NJICLE products are created by attorneys, doctors, dignitaries and other legal experts who volunteer their efforts to serve as lecturers and authors. We do not warrant the accuracy, reliability or currentness of the information contained in our programs (both live and electronic), handbooks and publications.