New York’s BOA program benefits municipalities by establishing a community vision to improve the quality of life and vitality of neglected neighborhoods. Together, we can develop strategies for revitalization, create partnerships to implement the plans and even help secure grants to fund analysis and planning.
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.
Provides a Remediation Strategy for Catalyst Sites - Site assessments determine the nature and extent of contamination for strategic sites expected to catalyze redevelopment, helping communities better understand options and costs for remediation and redevelopment.
Site Inventory - Provides an accurate inventory of brownfields and other underutilized properties to serve as a basis for identifying strategic opportunities.
Defines Future Uses and Businesses - Identifies the types of uses and businesses that are desired by the community, a key for successful brownfield redevelopment.
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.
Improves Environmental Quality – Implementation of revitalization strategy results in clean-up of contaminated properties, removal of eyesores, and implementation of other environmental and public improvement projects identified in the strategy.
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.
Increased Property Values - With strong local leadership as the projects primary advocate and sponsor, the BOA strategy can induce public and private-sector investment leading to community revitalization and increased property values over time.
Infrastructure and Environmental Improvements - The re-development potential of private properties may benefit from identified transportation, infrastructure and other community-related improvements in BOA areas, including public and environmental improvement projects, such as parks, esplanades, or habitat restoration projects, will have an overall positive impact on the quality of the community leading to increased property values and marketability.
Marketing to Solicit Investors and Developers - The program will fund site renderings and conceptual designs of private redevelopment projects to illustrate the redevelopment potential of the property. Through BOA, communities may develop a marketing strategy and materials, including brochures, website and other internet-based initiatives, developer RFPs and other innovative approaches to attract investment.