SPR Achieves Extraordinary Brownfield Cleanup Program Results in 2022
Sive, Paget & Riesel is proud to announce the Firm’s extraordinary results in 2022 for clients with sites in the New York State Brownfield Cleanup Program (BCP). The BCP is a voluntary, incentive-based program in which contaminated properties known as “brownfields” can be remediated for redevelopment and reuse. The successful remediation of a BCP site culminates in the issuance of a Certificate of Completion (COC) by the New York State Department of Environmental Conservation (NYSDEC), which certifies that the site has achieved the cleanup level consistent with its intended future use. The COC also provides certain liability protections for site owners and operators, as well as triggering the availability of BCP tax incentives. NYSDEC issued 54 COCs total in 2022, and nearly 25% of those COCs were issued to BCP sites for which SPR provided counsel. The Firm’s thirteen 2022 COC sites are found throughout the five boroughs of New York City and were remediated to accommodate various future uses, ranging from commercial to unrestricted uses. Nearly all of these 2022 COCs were issued to housing projects—most with an affordable component—that will help the State to achieve the Governor’s expressed objective of creating 800,000 housing units across the State, but especially in New York City, over the next decade. In prior years, SPR helped clients obtain COCs for sites located across the State. These 2022 BCP successes illustrate SPR’s unparalleled experience and expertise in advising on how to remediate contaminated sites and navigate the BCP. Read more about SPR’s capabilities and attorneys here.