New York State was among the first to enact programs aimed at remediation and redevelopment of contaminated sites. The goal of such programs is both to promote economic revitalization and to encourage private entities to remediate the state’s contaminated sites.
Three such programs, the (“VCP”), the (ERP), and the (“BCP”), have achieved considerable success, with over 400 sites having been remediated in the past two decades.
Nevertheless, policy makers continue to search for ways to make these programs better and more cost efficient. Prompted by the impending expiration of key provisions of the BCP, a released by the New York State Comptroller’s office in April 2013, provides an assessment of these programs, as well as some options for improvement going forward.
For more about the state’s current programs and recommendations in the new report, read Mr. Arnold’s: