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and
redevelopment. This process is commonly known as Brownfield Property Development. The Brownfield Partnership
directs third party environmental consultants and remediation contractors
using it's own project and construction capabilities, risk management and
real estate development experties to provide a uniquely integrated
total-solution approach.
The concept
of renewal and reuse of contaminated real estate has been developed by
Conor Pacific over the last three years in order to take advantage of the
opportunities that exist for the rehabilitation and subsequent development
of environmentally impaired real estate in urban areas.
Brownfield
Development is the art of reclaiming contaminated sites. The U.S.
Environmental Protection Agency (EPA) defines Brownfields as "abandoned,
idled or under-used industrial and commercial facilities where
redevelopment is complicated by real or perceived environmental
contamination." Estimates show that there are more than 25,000
contaminated sites located in core urban areas in Canada, and
approximately 500,000 contaminated sites in the United States.
Typically
in urban areas, these sites have the potential to be developed for
commercial, recreational or residential use. Most are abandoned, provide
no employment opportunities for the local community and are not reaching
their full economic potential.
With Conor Pacific's recognized skills in funding remediation and real estate development, the Brownfield Partnership is successfully
converting contaminated (brownfield) land into valuable real estate for
development.
For more information on our
Brownfield Property Development business, please go to our Contact Us
section of this web site.
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