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Brownfields tax credit serves purpose in development

The LSP Association, which represents environmental professionals licensed by the Commonwealth to oversee the assessment and cleanup of contaminated properties, applauds the Patrick administration’s efforts as it evaluates the economic impact of tax credits (“Put the brakes on Mass. tax credits,” Joan Vennochi, Op-ed, Jan. 27). Licensed site professionals have seen firsthand the impact of the brownfields tax credit on development, especially of properties in economically distressed areas where centuries of manufacturing and disposal have made redevelopment and reuse prohibitively expensive. In order to attract private-sector investment, the numbers have to work. A contaminated site can be the deal breaker. The brownfields tax credit helps balance this equation and offsets the cost of cleaning up someone else’s mess.

The program works. We support the efforts of the Patrick-Murray administration and the Legislature to continue offering this tax credit as an incentive to developers to build on pre-owned sites. We are confident that careful scrutiny and a thorough cost-benefit analysis will show the success of the brownfields tax credit in both cleaning up contaminated sites and creating jobs where they are most needed.

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