You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

letters

‘Brownfields’ fund needs backing to keep up its good track record

Thank you for focusing on the Brownfields Redevelopment Fund in the Oct. 20 editorial “ ‘Brownfields’ legislation is key to transit-oriented development.” As more people live in cities, making good use of our land becomes ever more essential to supplying sufficient sustainable, reasonably priced housing units.

Ninety percent of fund resources have already launched redevelopment or put sites back in productive use. The fund leverages private investment and serves as an economic generator. About 4,400 construction and full-time jobs and more than 2,500 housing units have come in the last five years from the commercial buildings and housing backed by the fund.

Continue reading below

In the last fiscal year alone, the fund supported 75 projects with nearly $20 million for environmental assessment and cleanup. MassDevelopment has seen a growing need for the fund to return sites to productive use.

Although the Brownfields Redevelopment Fund is fully committed and unable to fund new requests, we hope the Legislature will recapitalize it soon given its successful economic and environmental track record.

Marty Jones

President and CEO

MassDevelopment

Boston

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com