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The grant is administered by the City of Framingham’s Community and Economic Development Division. For more information, please visit the Brownfields website at www.framinghamma.gov/brownfields or contact Erika Jerram, Assistant Director, at (508) 532-5455 or firstname.lastname@example.org.
• 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 unnecessary development of limited greenspace, instead of taking advantage of existing infrastructure and development
• Enhancing the marketability of a property by reducing uncertainty regarding environmental liabilities and addressing due diligence steps typically required by lenders;• 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.