September 2009
Congress this month passed the Brownfield Urban Reinvestment Act (BURA) that will provide $10 billion for brownfield redevelopment in the next 12 months.

Congress this month passed the Brownfield Urban Reinvestment Act (BURA) that will provide $10 billion for brownfield redevelopment in the next 12 months. Qualified projects can receive a check for up to $10 million if they create 1,000 new jobs. Proponents for BURA claim that the money will stimulate the economy by encouraging investment in urban infill projects that will rebuild America’s cities, clean up blight, increase the local property tax rolls and create both temporary and permanent jobs. The GAO estimates that BURA will finance 1,000 brownfield projects and create up to a million new jobs. Many American cities have an excess of under-demolished and functionally obsolete industrial properties. By enacting BURA, legislators are hoping to reposition these properties into the highest and best uses possible.