Earlier this week, lawmakers in Albany reached an agreement with Governor Paterson on amendments to New York State’s Brownfield Cleanup Program Act (”BCPA”). Under current BCPA provisions, developers can receive tax credits for up to 22 percent of the cost of remediating a brownfield site. The new Act will increase that figure to 50 percent but include a cap of $35 million (or three times the cleanup cost, whichever is less) for non-manufacturing projects; the cap increases to $45 million (or six times the cleanup cost, again, whichever is less) for manufacturing projects.
June 25th, 2008 | Stephen Del Percio | 0 comments | ContinuedAll Posts Tagged With: "Governor Paterson"
Governor Paterson Looks to Turn New York State Greener
Governor Paterson recently signed an Executive Order that created the New York State Green Procurement and Agency Sustainability Program, a plan to, among other things, leverage the state’s buying power to boost environmentally-friendly products and services. The Governor said that it is “critically important that the State of New York take the lead as a steward of our environment.” Two new efforts detailed in the Order include the purchase of 100% recycled paper for daily use and in printed publications, and the separation of recyclable materials in all offices.
May 6th, 2008 | Meredith Taylor | 0 comments | Continued
“Rampantly Narcissistic” LEED Condos, Paterson Support for Congestion Pricing, & Defiant Atlantic Yards
gbNYC selects green news items of note that were reported across the New York City area during the week of March 16, 2008, including thoughts on New York City’s current crop of high-end condo buildings- many of which will be LEED-certified- from the Times’ Nicolai Ouroussoff, Governor Paterson’s support for congestion pricing in Manhattan, and the refusal of Bruce Ratner’s “green” Atlantic Yards project to disappear, despite ongoing delays and devolving market conditions.
March 23rd, 2008 | Stephen Del Percio | 0 comments | Continued