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FOKO

24.01.2008

Breathing New Life into Old Places... Brownfield Redevelopment in the US

Prof. Dr. Zenia Kotval (Professor of Urban Planning, Michigan State University) & Prof. Dr. John Mullin (Dean of the Graduate School, University of Massachusetts)

Across the US, governmental authorities are showing increasing interest in public-private partnerships that encourage Brownfield redevelopment. Most often, these arrangements are structured such that a community’s public authorities provide incentives such as free property, tax relief, access to low-interest bonds, or training assistance to a private company that agrees to redevelop a Brownfield site within the community. While the depth of the public support varies across the country, it is safe to state that the majority of major redevelopment discussions involve some municipal assistance.

Small towns across America, particularly in the Frost Belt, are dotted with old mill buildings that lie vacant. A case study of public-private investment in an old mill complex located in Maynard, Massachusetts is presented. We discuss the historical significance of the mill to the town, examine the rationale for investors to purchase it and their intentions in revitalizing the structures, describe the public-private agreements undertaken and analyze the immediate impact of the resulting agreements, while examining its impact over the past decade.

The announcement poster you find here.