CT allowed the formation of brownfield land banks in 2017; one has helped redevelop a long-polluted Southington property

While not a huge project, the nearly $5 million North Main Street redevelopment is significant because it’s an example of the broader steps the state has taken in recent years to encourage and invest in brownfield redevelopment. That includes state lawmakers’ 2017 passage of legislation that allows for the creation of brownfield land banks, which can take possession of polluted sites — and the accompanying liability for their environmental waste — and work to clean them up to a point developers are willing to take them on. The Southington property was the first acquired by the Connecticut Brownfield Land Bank Inc., which is managed by staff at the Naugatuck Valley Council of Governments. The property has since been redeveloped by Southington-based Lovley Development into two retail buildings.

https://www.hartfordbusiness.com/article/ct-allowed-the-formation-of-brownfield-land-banks-in-2017-one-has-helped-redevelop-a-long

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