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Developers abuse loopholes in Brownfield Cleanup Program

Rick Moriarty of The Post-Standard (Syracuse, N.Y.) reports on abuses of loopholes in the state's Brownfield Cleanup Program, a law meant to encourage development on contaminated property through tax credits for environmental cleanup. The developer of Destiny USA, a stalled shopping mall expansion project, could collect up to $54 million in tax breaks despite insignificant cleanup costs. "The state faces an eventual tax hit of $3 billion for projects in the program, the state comptroller’s office estimated in 2008. And that didn’t yet include Destiny."

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