• Potentially harm human health and the environment • Reduce local employment opportunities and tax revenue • Limit economic growth and development • Attract vandals, open dumping, or other illegal activity • Lower surrounding property values and contribute to neighborhood deterioration• Contribute to urban sprawl as businesses relocate to farmland and open space
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• Improved public health and environment • Economic growth and increases in local employment opportunities • Revitalized neighborhoods • Increased local tax revenues • Reduced public service demands
• Avoiding potential environmental enforcement actions by federal, state and local regulatory agencies that could impose penalties and costly cleanups; • Receiving tax benefits for cleaning up and reusing the property; • Reducing the likelihood that contamination from the property will migrate off site or into the groundwater under the site, thereby limiting liability for, and long term costs of, cleaning up the property; • Creating good will within the community;• Reducing the potential need to address liabilities associated with the property in financial statements and Securities and Exchange Commission filings; • Realizing an enhanced return from the property by making it more valuable and marketable.