Environmental
A Wisconsin property in a 'brownfield' area is best described as:
AA farm in transition to residential use
BA former industrial or commercial site with potential or actual contamination✓ Correct
CA wetland protected by the DNR
DA property in a floodplain
Explanation
A brownfield is a former industrial or commercial property that has known or suspected environmental contamination, which may complicate its redevelopment.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
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.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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