Last week, Gov. Dannel Malloy announced the award of $27 million in grants and loans that will fund 20 remediation and redevelopment projects throughout Connecticut. This is the fifth round of brownfield funding spearheaded by the Connecticut Department of Economic and Community Development (DECD).
The awards comprise 14 grants to municipalities and economic development agencies, totaling over $20 million, and six loans to project developers and owners and a municipal agency, totaling over $6 million. In his press release, Gov. Malloy noted that most projects awarded funding in this round include a housing component (both market-rate and affordable housing) as part of their redevelopment plans.
The governor also stated that, with this round of awards, Connecticut has allocated nearly $90 million in state money to brownfield funding since 2011. He compared this amount to the $190 million invested nationally by the U.S. Environmental Protection Agency since 1995.
Among the larger of DECD's fifth-round awards were:
Christopher Stracco is scheduled to speak at the Annual New Jersey Seminar of the Society of Professional Assessors on Friday, April 7.
Florence Davis co-wrote an article entitled "Taming the Duck--Distributed Energy Resource Solutions to Renewable Energy Integration," for Bloomberg BNA's Daily Environment Report.
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Katharine Coffey and Christopher John Stracco wrote an article entitled "New Jersey Supreme Court Reverses Ban On Electronic Billboards," which was published in the New Jersey Builders Association's Dimensions Magazine.
Christopher Stracco and Kate Coffey wrote an article, "Can Use Variance Grants Be 'Reasonably Probable'?," for Law360. The article examines the significance of the case New Jersey Transit Corp. v. Franco.
Michael P. Byrne was mentioned in an article, "Day Pitney, Greenberg Traurig Steer $130M NYC Loan," in Law360.
Day Pitney Press Release
Tom Malman was quoted in an article, "Challenges When Repurposing Office Campuses," in Law360. In the article, Malman discusses the challenges developers face when they try to convert large office campuses properties to other uses.
Day Pitney Press Release
Harold Blinderman was quoted in a Law360 article,"EPA's 40-Year Battle For Water Cooling Regs: A Cheat Sheet," which reviewed the status of litigation currently before the Second Circuit Court of Appeals challenging federal environmental regulations regarding the usage of cooling water by existing power plants and factories.