SPRingBoard Environmental Law Podcast
Summary This special episode of SPRingBoard was recorded as part of a joint webinar hosted by Sive, Paget & Riesel P.C. and Bousquet Holstein PLLC. Revised regulations for New York's environmental remediation programs (including the Brownfield Cleanup Program) took effect on December 31, 2025. For developers and environmental professionals, the final Part 375 regulations clarify certain issues while raising new challenges and opportunities. The final Part 375 regulations will also significantly impact the availability and anticipated amount of brownfield tax credits for many sites, including some sites already in the BCP. This joint webinar by Sive, Paget & Riesel and Bousquet Holstein, originally hosted on March 12, 2026, discussed the updated Part 375 regulations. Panelists focused on the BCP from a developer's perspective, covering new requirements and open issues, and provided practical pointers about site cleanups and brownfield tax credit considerations. Production support for this episode was provided by Charlotte Hawes, Legal Marketing Assistant at SPR. Chapters * 00:00 Introduction to DEC's Regulatory Amendments * 03:14 Historical Context of the Brownfield Program * 05:25 Key Changes in Remedial Tracks * 11:50 Implications of Conditional Track Changes * 17:50 Tax Credit Considerations for Developers * 23:36 Changes in Soil Cleanup Objectives * 29:43 Subjective Eligibility and Site Assessment * 35:27 Navigating the New Regulations * 48:28 Understanding Remediation and Tangible Property Credits * 54:25 Navigating Site Cover Definitions and Tax Credit Eligibility * 01:05:25 Changes in Use and Work Plan Requirements * 01:14:41 Exploring New Tangible Property Credit Gateways * 01:20:10 Addressing Engineering Controls and Passive Systems Disclaimer: The content of this webinar is for informational purposes only and should not be considered legal advice. The views and opinions expressed in this program are those of the speakers in their individual capacities and do not necessarily reflect the views or opinions of Sive, Paget & Riesel, Bousquet Holstein, and/or any of the clients they represent.
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