President Trump’s Legislative Outline for Rebuilding Infrastructure in America includes several modifications that many believe will streamline and accelerate redevelopment of brownfield sites that are currently tied up in Superfund cleanups. Despite previously cutting funding for the federal brownfields program, the President’s proposed infrastructure plan would increase access to funding for Superfund and brownfields sites through the Water Infrastructure Finance and Innovation Act lending program. Importantly, the proposal also includes an expedited and streamlined federal permitting process that would designate one agency as the federal lead for major projects. Although the proposal has not yet received congressional approval, the proposed changes could significantly change the landscape for prospective developers of contaminated properties.
Home > Property Acquisition, Site Remediation & Brownfields Redevelopment > President Trump’s Proposed Legislative Outline for Rebuilding Infrastructure in America Portends Significant Changes for Real Estate Developers, If Adopted