Sunday, January 16, 2011

NC - Research park developers ask for brownfields certification for land

[SOURCE: Winston Salem Journal] Developers of the proposed South District of Piedmont Triad Research Park are requesting brownfields certification for a 40.6-acre site. PTRP Holdings LLC, the park's real estate development arm founded in 2003, said Sunday in a legal notice it has filed an application with the N.C. Department of Environment and Natural Resources.

The site is bounded by Business Interstate 40 to the north, Stadium Drive to the south, U.S. 52 to the east and Salem Avenue to the west.

A brownfields certification enables the developer to get state tax credits to help offset the cost of cleaning up and developing property containing contaminants.

The agency has approved two previous brownfields requests for the park.

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