Who Can Borrow Money for Brownfields Cleanup?
Before you can redevelop a brownfield, you have to clean up the contamination. And money for cleanup is a challenge. Most lenders are unwilling to lend money for something like that, and you’re caught in a catch 22: You can’t sell or redevelop the property because you don’t have the money to clean it up. You can’t borrow the money to clean it up because it’s contaminated.
