Brownfield properties are previously developed sites where redevelopment or reuse of the property is complicated by the threat or perceived threat of contamination. Revitalizing and redeveloping these properties protects the environment, reuses existing infrastructure, minimizes urban sprawl and creates economic opportunities.
The Livonia Brownfield Redevelopment Authority (LBRA) uses tax increment financing (TIF) to reimburse developers for brownfield-related costs incurred while redeveloping sites. Eligible sites include one or more of the following:
Redevelopment of these sites reduces sprawl, reduces public health threats, and encourages investment in sites that are close to existing infrastructure and public services.
WHY DO I NEED A BROWNFIELD PLAN?
The Plan highlights the required information to process and approve a Brownfield Redevelopment site by demonstrating:
Documents the plan for reimbursement of eligible expenditures
Estimates costs of eligible activities, amount of tax increment, and the timeframe that expenses will be reimbursed
WHAT KIND OF SITES CAN QUALIFY FOR A BROWNFIELD?
WHAT ACTIVITIES ARE ELIGIBLE FOR REPAYMENT?
Baseline Environmental Assessments
Due care activities
Additional response activities
Lead and Asbestos abatement
Administrative and operating authority expenses
Local site remediation revolving fund
HOW DOES TAX INCREMENT FINANCING (TIF) WORK?
TIF is a tool that allows local governments to continue receiving existing property tax value, while the increased tax revenue resulting from the redevelopment is captured and used to reimburse the developer to help offset costs.
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