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...
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
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.