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In the News

February 21, 2020

RIDC President: The Good News About Brownfield Redevelopment’s Long Time Horizon

Article can be read in full here.

“The strong economy and building booms that have taken place in many parts of the country in the past decade have prompted widespread development of new projects, but properties that are clean, shovel ready, primed for construction and for which there is a clear market, are always at the top of everyone’s list. Right now, they are in short supply.

That’s an additional motivation for developers to consider large, complex brownfield properties. Adjusting their time horizons, their risk tolerance and their expectations can open up extraordinary opportunities to breathe new life into properties that have languished for years,” RIDC President Donald Smith, Globe St.