NEW YORK (AP/CBSNewYork) – New York Mayor Michael Bloomberg has broken ground on the cleanup of a polluted lot that is being readied for development under a city-run program.
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Bloomberg announced in August that he would offer a local version of New York state’s brownfield program. The program offers incentives to builders hoping to redevelop mildly polluted vacant lots.
Brownfields are vacant or underused properties where redevelopment is complicated by environmental contamination.
The half-acre Brooklyn lot will be developed into a six-story residential building with ground floor retail space. Bloomberg said the building would generate 100 new jobs. The city will oversee the $700,000 remediation process.
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