Credit 3- Brownfield Redevelopment
The offers projects a point for repairing sites that were damaged by environmental contamination. Projects are labeled as contaminated by the ASTM E1903-97 Phase II Environmental Site Assessment or defined as a Brownfield by a governmental agency.
The Brownfield Redevelopment credit is one of the most expensive to implement in the whole process. Basic costs of repair typically run anywhere from $50,000 to 2 million per acre. The and the government look to encourage remediation by providing governmental incentives and tax breaks. The decision to implement Brownfield Redevelopment lies with the owner of the project.
(Source: -NC 2. 2 Reference Guide)