Brownfield Redevelopment - Benefits for Community Organizations
New York’s BOA program benefits community organizations by providing technical expertise and a process for redevelopment, including big picture visioning, planning and implementation. We help build consensus within the community and establish partnerships to realize community revitalization projects.
Here’s how BOA helps:
Establishes a Community Vision and Strategy for Revitalization - A community based revitalization and implementation strategy is established to spur investment in distressed areas and set clear priorities for redevelopment, community renewal and improved quality of life.
Defines Future Uses and Businesses - Identifies the types of uses and businesses that are desired by the community, a key for successful brownfield redevelopment.
Increases Predictability For Investors - Clarifies community acceptance by giving investors and developers a clear indication of uses and businesses that the community wants, and does not want, as expressed in the strategy.
Fulfills Community Development Needs - Helps communities work more effectively with developers to transform brownfields and attract desirable new uses and businesses that will contribute to the community in a beneficial way, generating jobs and revenues.
Fosters Partnerships With State Agencies - Establishes a working partnership between communities and state agencies to address a variety of issues related to community revitalization, zoning, site clean-up and redevelopment, economic renewal, improving transportation systems and infrastructure, and improving environmental quality.
Increases Competitiveness for Other Funding Programs - A community supported Nomination and Implementation Strategy increases competitiveness for additional funding and private investment. Designated areas shall receive priority and preference from the NYS Environmental Protection Fund and Environmental Restoration Programs. Designated areas may receive preference when considered for other local, state and federal programs.
Infrastructure and Transportation Improvements - The re-development potential of private properties may benefit from identified transportation, infrastructure and other community-related improvements in BOA areas.
Public and Environmental Improvement Projects - Public improvement projects, identified through BOA, such as parks, esplanades, or streetscape improvements and/or environmental improvement projects, such as a stream corridor or habitat restoration projects, will have an overall positive impact on the quality of the community leading to increased property values and marketability.
Convening Parties to Foster Development – Program participants (for the Nomination and Implementation Strategy) can hire a neutral, objective consultant to work as a liaison on behalf of the grantee, private landowner, and development interests to explore project feasibility, and deal structure alternatives for the privately held property.