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re: MT Shark Tank - Undeveloping Commercial/Residential Properties

Posted on 4/28/24 at 9:14 pm to
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7920 posts
Posted on 4/28/24 at 9:14 pm to
Admirable goal, but who is going to pay to do this? Maybe I'm missing something, but that was my first thought.
Posted by RickAstley
Reno, Nevada
Member since May 2011
2004 posts
Posted on 4/29/24 at 6:58 am to
quote:

Admirable goal, but who is going to pay to do this? Maybe I'm missing something, but that was my first thought.


I really don't have a clue. I'm looking for some thoughts here. I know blight removal has been funded by some local governments, but I don't know the landscape well at all.
Posted by BillyGibbons
St. Somewhere
Member since Mar 2020
651 posts
Posted on 4/29/24 at 8:37 am to
I’ve always thought that developer should be required to put up a bond for land remediation (similar to what an oil company is required to do for plug and abandonment) before a project is approved.
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