The City of Greater Sudbury has begun accepting applications for financial incentives under a new Brownfield Strategy and Community Improvement Plan to redevelop vacated properties that were previously used for commercial or industrial purposes.
The plan is designed to reduce the number of vacated, underused and derelict urban properties in Greater Sudbury by offering potential purchasers assistance with up-front costs associated with remediation, reuse and redevelopment.
“The Brownfield Strategy and Community Improvement Plan is already generating interest within the local development community,” said Bill Lautenbach, general manager of growth and development, in a news release. “Brownfield redevelopment has many economic, environmental and social benefits. Removing barriers and unlocking the latent potential of these properties is another step to creating a stronger, healthier and better-looking Greater Sudbury.”
A brownfield is defined as a property previously used for commercial or industrial purposes that is vacant, derelict or at risk of being vacated on lands designated under the City of Greater Sudbury Official Plan as mixed use commercial, downtown, town centre, regional centre or living area 1.
To be eligible for financial incentives, the brownfield must be declared ineligible for change of use from industrial/commercial to residential and/or mixed use, until property remediation has been completed to the satisfaction of the Ministry of the Environment.
Financial incentives include tax deferrals or cancellations during property rehabilitation and development for up to 36 months, rebates on landfill tipping, planning and building permit fees up to a prescribed maximum, and deferral of tax increases resulting from property improvements for up to five years.
Interested parties are invited to learn more by dialing 3-1-1 to speak with senior planner Jason Ferrigan, MCIP, RPP at the City of Greater Sudbury. Information and application forms are also available online at www.greatersudbury.ca/brownfields.