Brownfields are abandoned, idled, or under used industrial and commercial facilities where expansion or redevelopment is complicated by real or perceived environmental contamination. Frequently these properties, once the source of jobs and economic benefit to the entire community, lie abandoned for fear of the contamination and the liability it implies. Often these properties may be ideally situated for redevelopment and offer the possibility of a high yield investment if the potential liability issues associated with the contamination were resolved. Recent federal and state initiatives and policy changes have resulted in forms of liability protection and other incentives for redevelopers of these sites, resulting in some unique opportunities in carefully selected properties.
Brownfields services offered by Apex include: