Brownfield

Definition

A previously developed site now contaminated by industrial use or hazardous substances—basically real estate's version of a cautionary tale.

Example Usage

The developer received tax incentives for redeveloping the brownfield site into a mixed-use complex.

Origin

Coined in the 1990s as counterpart to 'greenfield'

Fun Fact

Brownfield sites often attract developers because they offer lower land costs and tax incentives for cleanup.

Source: EPA Brownfields Program

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