PLANNING FOR THE BROWNFIELD TAX CREDITS
UNDER NEW YORK'S BROWNFIELD CLEANUP PROGRAM
Use this program to help decide if the
Brownfields Cleanup Program is right for you.
Dates: Wednesday, March 10, 2004 – Buffalo
Thursday, March 11, 2004 – New York City
Venues: Buffalo – University Inn Conference Center, 2402 North Forest Road, Amherst
New York – Newman Hall, Baruch College, 137 E. 22nd Street, New York City
Co-Hosts: Environmental Business Association of New York State, Inc.
Newman Real Estate Institute of Baruch College
SUNY Center for Brownfield Studies
U.S. Environmental Protection Agency
Focus: Detailed presentations covering the powerful tax credits in the new Brownfields Cleanup Program (BCP), including a detailed review of each new credit for listeners who are not tax professionals, review of the tax credits in action through a hypothetical redevelopment project, possible changes to the law, the importance of project planning and timing, and the implications of converting, or failing to convert, from the voluntary cleanup program (VCP) to the BCP before the March 31 deadline.
Audience: Developers, insurers, financiers, attorneys, local government officials, community-based organizations, practitioners, consultants and engineers.
CLE Credits: 3 CLE credits are available
PLANNING FOR THE
BROWNFIELD TAX CREDITS
UNDER NEW YORK'S BROWNFIELD CLEANUP PROGRAM
Agenda
8:00 a.m. Registration and Continental Breakfast
8:30 a.m. Introduction to the Brownfield Tax Credits
Philip Bousquet, Green
& Seifter Attorneys, PLLC (Buffalo) and Lowell Seifter, Green & Seifter
Attorneys, PLLC (NYC)
a. Tax
credit basics. A short review of what a tax credit is and how the
new Brownfield credits affect your tax return.
b. The
BCP credits. A detailed review
of each of the new credits for listeners who are not tax professionals.
c. Issues for Technical Correction. The BCP legislation contains a number
of inconsistencies and leaves several important tax questions open. This presentation will review the issues
that should be addressed by the Legislature in technical corrective
legislation.
9:45 a.m. Deal
Structure/Practical Applications
David Stoner and Robert M.
Petrovich, S&W Redevelopment of North America, Inc.; Linda Shaw, Knaupf
Shaw LLC and Steven J. Ancona, Flatiron Real Estate Advisors
a. Hypothetical
Brownfield Redevelopment Project.
The first part of the session will posit a hypothetical situation
based on a real-world brownfield development project.
b. Contract
Issues. This portion of the program will deal with situations
that can arise between the participants in a brownfield development project
under the new legislation, including identifying which parties will be entitled
to claim the credits and the effect milestones and timing may have on project
planning and the availability of the credits.
10:45 a.m. Conversion
from VCP to BCP
Linda
Shaw, Knaupf Shaw LLC (Buffalo) and James J. Periconi, Esq., Periconi LLC (NYC)
Using the hypothetical situation above, this session will identify the implications of converting, or failing to convert, from the voluntary cleanup program (VCP) to the BCP. The cost-benefit analysis underlying the conversion decision involves significant tax and non-tax considerations.
11:30 a.m. Adjourn
PLANNING FOR THE BROWNFIELD TAX CREDITS
UNDER NEW YORK'S BROWNFIELD CLEANUP PROGRAM
REGISTRATION for Brownfields Tax Credit Seminar (please check which city you
wish to attend)
_____ 10 March 2004 Buffalo
_____ 11 March 2004 New York City
_____ EBA/NYS Member $75 _____ non-Member $100
_____ I would like to register for CLE credits - $50 additional.
Please reply by email (info@eba-nys.org) or you may fax this registration form to Robyn Stewart at (518) 432-1383 no later than noon March 9, 2004. Registration fee is NON-REFUNDABLE after March 9. Please make check payable to EBA/NYS and mail, with a copy of registration form attached, to the Environmental Business Association of New York State, Inc., 126 State Street, 3rd fl., Albany, NY 12207-1637. If you have questions, please call us at (518) 432-6400.
If you register and do not CANCEL, we will invoice you.
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BUFFALO, MARCH 10,
2004
DIRECTIONS TO THE
UNIVERSITY INN CONFERENCE CENTER
Click
here for a map.
2402 North Forest Rd., Amherst, NY 14226
From the New York
State Thruway - I-90 (Albany, NY):
Take the NYS Thruway I-90 West to Exit 50 (I-290). Take I-290 to the
Millersport Highway North Exit. Continue on Millersport North to North Forest
Road.
Turn Left onto North Forest Road (Mobil Gas Station is on the corner) and 1/2
mile on the left is University Inn (just before the traffic light at John James
Audubon Pkwy). Turn left into the driveway and continue to the Rotunda
Entrance.
From the New York
State Thruway - I-90 (Erie, PA):
Take the NYS Thruway I-90 to Exit 50 (I-290). Take I-290 to the Millersport
Highway North Exit. Continue on Millersport North to North Forest Road.
Turn Left onto North Forest Road (Mobil Gas Station is on the corner) and 1/2
mile on the left is University Inn (just before the traffic light at John James
Audubon Pkwy). Turn left into the driveway and continue to the Rotunda
Entrance.
From the Buffalo
International Airport:
Turn right out of the Airport Terminal Parking Area onto Genessee St. (Rt.33)
and bear to the left. Stay on Route 33 until you see signs to I-90, New York
State Thruway (approximately 1/2 mile). Take the I-90 EAST exit to Albany. Take
the NYS Thruway I-90 to Exit 50 (I-290). Take I-290 to the Millersport Highway North
Exit. Continue on Millersport North to North Forest Road.
Turn Left onto North Forest Road (Mobil Gas Station is on the corner) and 1/2
mile on the left is University Inn (just before the traffic light at John James
Audubon Pkwy). Turn left into the driveway and continue to the Rotunda
Entrance.
NEW YORK, MARCH 11, 2004
DIRECTIONS TO NEWMAN HALL, BARUCH COLLEGE
Click here
for a map.
Room 203/Oak Room, Newman Hall,
Baruch College
137 E. 22nd St., New York, NY 10010
Directions Within Manhattan:
Baruch College is just off Lexington Ave., toward 3rd Avenue.
By Subway
Take the #1, #6, F, N or R to 23rd Street Station.
By Bus
Take the M1, 2,3,5,6,7,15,18, 101, or 102 to 23rd Street.
Parking Garages near Baruch College
Call to confirm hours and
availability
330 Parking Corp.
(Between 24th & 25th Street)
330 3rd Avenue New York, NY 10010 (212) 696-0056
Charles
Parking
(Between 3rd & Lexington)
200 East 26th Street New York, NY 10010 (212)
751-1080
East 26-29
Garage Corp.
(26th Street)
462-490 Second Avenue New York, NY 10010 (212) 252-8038
R.O.F.R.E
Corp.
(Between 2nd & 3rd)
242 East 25th Street New York, NY 10010 (212) 779-2966
Quik Park
(Between 23rd & 24th Street)
23-24 Second Avenue New York, NY 10010 (212) 683-4009
Penny Lane
Car Park
(Between 2nd & 3rd Ave.)
215 East 24th Street New York, NY 10010 (212) 996-6363
Lexus
Parking
(Between Lexington & Park)
111 East 24th Street New York, NY 10010 No Telephone
Hertz Corp.
(Between 3rd& Lexington)
150 East 24th Street New York, NY 10010 (212) 486-5912