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Brownfield acquisition refers to the purchase or redevelopment of properties that have previously been used for industrial or commercial purposes and may be contaminated by hazardous substances. These sites often require cleanup and remediation before they can be safely redeveloped. Investors and developers may pursue brownfield acquisitions to revitalize underutilized areas, benefiting both the economy and the environment. Government incentives and grants are often available to facilitate the cleanup and redevelopment process.

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AnswerBot

1mo ago

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