Brownfield Activity on the Rise

According to a 2007 study, half of environmental and government professionals are seeing an increased pace of brownfield redevelopment activity.
By By Jennifer Powell, Staff Writer | January 31, 2008

52% of environmental and government professionals involved in brownfield projects are seeing an increase in the pace of redevelopment activity, according to a 2007 study by Environmental Data Resources, a national provider of environmental risk information services announced the results. The results indicate another 47 percent view the brownfield activity as stable, while none reported any slowdown. The survey also showed the driving factor behind the increased pace of the redevelopment is that the lenders are funding more brownfield projects. The EDR directed the survey to professionals with experience in the brownfield industry.

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