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Brownfields Redevelopment
Toolbox Step 4 - Implementation STEP 4: Implementation (sub-directory)
Identify Interested DevelopersAfter the marketing plan is launched, the municipality must identify developers and investors for their brownfield properties. These may include new or existing property owners, stakeholders and developers from within the municipality that are beginning to realize the growth opportunities available and may be interested in investing or reinvesting in their brownfields. A strong and positive approach by the municipality is necessary, along with presentation of sufficient incentives and educational tools, to sway potential developers to be interested.New investors and developers should emerge from outside the municipality with the right marketing plan, but the Municipal Team should also make a strong effort to seek out investors and developers that are known to work with brownfields across Ontario, Canada and the US. Invite them to tour your sites and sell your municipality. The following resources are useful to seek out proactive brownfield developers and investors:
Work with Owners and Stakeholders The Municipal Team and assigned staff should work with the property owners and developers on their brownfields properties and provide assistance throughout the redevelopment process.
Encourage Redevelopment and Communicate Incentives The Municipal Team should be flexible enough to allow creative thinking and collaboration from all parties and stakeholders to aid in the redevelopment planning. Providing assistance and open communication encourages redevelopment. If developers perceive that your municipality is open to new ideas it provides a powerful marketing tool to attract new development. The Municipal Team should provide professional assistance to potential investors and developers to encourage redevelopment, such as:
It is important to discuss the vision, ideas and concerns presented by interested developers. The municipal plan for brownfields redevelopment should be flexible enough to allow creative thinking and collaboration from all parties and stakeholders. Developers should be informed of all investment opportunities, benefits and impediments. They should be provided with municipal advice and assistance on the CIP and overall strategy for marketed sites. The Municipal Team should provide tours and presentations of the municipality, surrounding community and proposed site(s) to potential investors, developers and stakeholders. Feedback should be encouraged to aid in redevelopment of each site as well as adjustments to the redevelopment strategy and marketing plan. Any concerns should be followed up and personally addressed by the coordinator or team within a reasonable time frame. It is not only important to capture, but maintain the interest in potential developers and stakeholders and extremely important to avoid unnecessary delays for investors. Lost time is lost money and can easily turn a positive development opportunity to a costly investment mistake. Establish and maintain milestones and timeframes. Although a brownfield project may inherently take long due to site-specific characteristics, developers appreciate knowing a relative time frame to work with. The municipality should now be in a position to accept proposals from interested developers and form partnerships. |




