My group has found interest regarding brownfields and in this article there is obvious amounts of massive financial gain from the cleanup of industrial sites and use for real estate. Cherokee Investment has already put a billion dollars into the redevelopment of brownfields from the Meadowlands to Elizabeth and from Camden to Asbury Park (NJ). The company involves expert consultants to tackle these projects head on and develop tax-producing communities while also cleaning up land that had been destroyed by dangerous industrial pollution in the past.
The Cherokee Investment group alone has bought contaminated former industrial sites in Camden and say that the “opportunities are boundless”. This idea of smart growth has encouraged development in the various densely populated areas over New Jersey alone and has potential to spread across the country. one of the largest jobs for this group is in Camden where there is 1.2 billion dollars going into 450 acres of the Cramer Hill neighborhood where they plan on building homes, a marina, and golf course. This is just one of the many projects planned to combat the contaminated brownfields that cover the state of New Jersey.