The month of August 2018 marks twenty years since the Massachusetts Brownfields Tax Credit was created as part of the “Brownfields Act,” more formally a law (Chapter 206 of the Acts of 1998) with the unwieldy title of An Act Relative to Environmental Cleanup and Promoting the Redevelopment of Contaminated Property. Originally a little known, poorly-understood program that was one of many new developments in the 1998 law, the tax credit has become a powerful economic incentive that drives cleanups of contaminated sites with the goal of returning them to productive uses. The credit is available only in economically distressed
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Developers, not-for-profits, commercial property owners, and others conducting environmental remediation projects in Massachusetts can again rely on the state’s Brownfields tax credit. On May 31, 2018, the Housing Bond Bill (H.4536) was signed into law by Massachusetts Governor Charlie Baker. Included in this bond bill was legislation, sponsored by Senator Michael Rodrigues, which extended the Massachusetts Brownfields Tax Credit for five additional years, quelling worries that the credit would expire at the end of 2018. The Brownfield Tax Credit Program incentivizes commercial redevelopment in economically distressed areas (EDAs) by effectively providing a rebate on environmental cleanup costs to “Eligible Persons”
A long-running, high-profile lawsuit originally filed in 2014 has finally ended with the Massachusetts Supreme Judicial Court (SJC) declining to overturn an Appeals Court decision in the colleges’ favor. By letting the prior decision stand, the three colleges – Boston University, Wellesley College, and Northeastern University – will receive millions of dollars of state Brownfields Tax Credits. As Cooperstown has previously reported, the lawsuit originally was filed in 2014, after the Massachusetts Department of Revenue (DOR) denied applications filed by the colleges seeking Massachusetts Brownfields Tax Credits. The suit alleged that DOR changed its rules after the applications were submitted,
For the sixth consecutive year, Cooperstown Environmental LLC is the top consulting firm in Massachusetts Brownfield Tax Credit awards, according to official statistics released by the Massachusetts Department of Revenue (DOR). Once again, most recipients of the state’s Brownfield tax credit were clients of Cooperstown, as reported in the state’s 2016 Tax Credit Transparency Report, released late last year. This annual report shows that more than half of the approved applications were completed by the firm, as has been true every year since the state began releasing these statistics. Cooperstown’s market position as the top firm in the Brownfield
The Cooperstown Environmental team is thankful for our wonderful clients and for the interesting projects on which we have had the pleasure of working in 2017. We are looking forward to another fantastic year ahead. With 2018 right around the corner... have you made your New Year’s resolution yet? Cooperstown Environmental is once again committing to helping make New England’s environment cleaner! This year, we would like to encourage you to do your part to help make our environment a little cleaner. Below are a few small things that everyone can do which will make a difference: Recycle Reduce paper use Reduce water consumption Use reusable water
Cooperstown was contracted to perform environmental remediation and LSP Services on a contaminated property in Milford, Massachusetts. Pre-purchase environmental due diligence activities had revealed a release of petroleum in groundwater and soil. The contamination was associated with the former use of the site by a straw hat factory, a leather dealer, a coal and oil company, and for the storage of equipment, machinery, materials, and chemicals, including drummed alcohols; the historical presence of petroleum-containing underground storage tanks; the former use of the property as an automotive garage; and the presence of petroleum containing aboveground storage tanks on a neighboring property.
Today we are highlighting a remediation project that occurred at a single family residential property. Previous owners had converted to natural gas heat from #2-fuel oil, which was stored in an underground storage tank (UST) that was likely installed in the 1950s when the house was built. Upon the passing of the previous property owners, the family removed the tank to place the property on the market for sale. During the tank removal, numerous holes were discovered in the tank causing a release of fuel oil into the environment. By law these types of releases are reported to the Massachusetts
In 1863, Gloucester’s Tarr and Wonson Paint Manufactory revolutionized the maritime industry by producing the world’s first anti-fouling paint for boat bottoms. Boats that once had to be scraped every 6 weeks for barnacles and marine life could now last 12 months. But after more than 100 years, in 1980 the Manufactory shut its doors and was left a crumbling landmark overlooking Gloucester Harbor. Now the Manufactory is enjoying a second chance to serve the maritime world as the headquarters of Ocean Alliance Inc., a not-for-profit dedicated to whale and ocean health. Ocean Alliance raises public awareness through research and
Have you received a notification letter from the Massachusetts Department of Environmental Protection (MassDEP) warning you that you have underground storage tanks (USTs) that need to be removed? As of August 7, 2017, all underground single walled steel tanks in the state of Massachusetts must be removed, permanently closed-in-place, or placed out-of-service (then removed or permanently closed-in-place by July 1, 2018). At the time of the tank removal, environmental conditions must be assessed per state and federal regulations, since it is possible that contamination may exist in the area of the UST(s). In Massachusetts, tanks must be closed in accordance
The Washington Apartments, Melrose’s new boutique luxury apartments, offers spacious apartment living in an intimate setting. The Washington Apartments offers state of the art residential living amenities in just a short walk from the Orange Line T stop and a close commute to Downtown Boston. Developed by Wood Partners, a leading Atlanta based developer with decades of experience, the building reinvigorates a property formerly used for truck and dumpster storage, continuing the redevelopment of one of the hottest growing markets in the area. The Massachusetts Brownfields Tax Credit program helped support this project. WDR-3 Wood 2 Washington Owner LLC, an