natco

Blogs

Predict And Arrive

I was recently challenged to produce a plan for building five million homes in over the next 50 years. My initial reaction was to react like the apocryphal bloke in deepest rural Ireland who, asked by a passing motorist the way to Limerick, replied that if he were going to Limerick, he wouldn-apos-t...

Posted by Jon Reeds on 20 November 2017

Affordability And Need

One of the big arguments put forward for the huge greenfield housing developments now being imposed by central government is that they would deliver so many homes they would lower house prices, and maybe even rents. The latest addition to this canon comes from the Royal Town Planning Institute which...

Posted by Jon Reeds on 08 November 2017

A Guide To The Greed Belt

A guide to green belts to address common misunderstandings is long overdue, but an organisation set up with the specific purpose of building more houses is not the body to provide it. In fact it is pretty much the worst possible author of such a publication. So I approached the Housing and Finance I...

Posted by Jon Reeds on 29 October 2017

go back

Chicago pays millions for land remediation

Added on 29 July 2016

In America, the City of Chicago and Cook County have decided to provide millions of dollars to pay for clean-up of contaminated land in seven districts of the city and its southern suburbs.

While the UK struggles with the idea of directly funding remediation from the public purse and toys with loan funds, the City and County have launched a new Industrial Growth Zones Initiative.

It will address two factors most frequently cited as obstacles to investment in industrial sites: land contamination and complex regulations.

““Industrial Growth Zones will reinforce and revitalize Chicago’s great commercial strength by removing barriers to site development for businesses and spurring job growth across communities for our residents,” said mayor Rahm Emanuel.

“This joint effort will improve how property owners, industrial developers and businesses invest in our city’s neighborhoods, and unlock the potential for further economic growth.”

Land owners within the zones will have access to a new site certification programme making site information available and will be eligible for grants up to $130,000 for investigation, remediation and marketing.

An “industrial concierge” will provide a single point of contact to guide them through the regulatory maze and there will be expedited permitting, licensing and inspections and assistance with workforce recruitment and training.

““Growth Zones are designed to attract investment into and development of specific industrial areas to spur regional economic growth and generate real, sustainable jobs,” siad Cook County Board president Toni Preckwinkle. “The Industrial Growth Zones Initiative moves Cook County and the Chicago region in a new strategic direction.”

The pilot scheme will run for three years.

go back  |  top