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Everybody told me to avoid the old Packard plant property but I closed on it anyway
Three years ago my uncle warned me the contamination would bankrupt me. I just signed a lease with a solar farm company that wanted the brownfield credits.
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elliot_barnes17d ago
Oh wow that's incredible! I bought an old gas station lot that everyone said was a money pit and ended up leasing it to a EV charging company for the tax incentives. People see contaminated dirt and run the other way but they don't realize the credits and grants can actually make it work. Sometimes the best deals are the ones nobody else wants to touch.
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viola_ward17d ago
My uncle said the same thing about a dry cleaning site I bought - THREE Phase 1 assessments later and it's now a parking lot for a data center. People act like contaminated land is a death sentence but those brownfield credits are basically free money if you can handle the paperwork nightmare. I spent more on lawyers than the actual cleanup but the tax breaks made it worth every cent. Crazy how "avoid that toxic dump" really means "congrats on your new passive income stream".
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