Environmental
New York State's Brownfield Cleanup Program (BCP) encourages redevelopment of contaminated sites by:
ARequiring the government to fund all cleanup costs
BOffering tax credits and liability protection to developers who voluntarily clean up brownfield sites✓ Correct
CProhibiting development on brownfield sites until fully remediated by the original polluter
DTransferring ownership of brownfield sites to the DEC
Explanation
New York's BCP encourages voluntary remediation of brownfield sites by offering developers significant tax credits and protection from future environmental liability after completing an approved cleanup.
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Key Terms to Know
Chain of Title
The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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