The reuse of contaminated or abandoned property is forefront in today’s development activity. Dozens of state and federal incentives are available to developers, tenants, and owners of such properties. While grants, low-interest loans and rebates are among the financial tools available across the country, jurisdictions offering tax credits as their currency include Florida, Massachusetts, Michigan, Missouri and New York. These tax credits can be based on either the cost of cleaning up contaminated sites in accordance with approved plans, or the cost of building new facilities atop a remediated site.

Clocktower Tax Credits┬ácan help developers budget a cleanup with feedback from the investor marketplace as to what these tax credits are worth. We then go to market to seek proposals from such investors, and bring buyer and seller to the table to finance the project. We have frequently worked on projects utilizing multiple credits including Brownfield, Historic Rehabilitation, and New Markets. We have seen it all – and can help finance the most complex reuse of urban and blighted properties.