Department of Environmental Protection Secretary Kathleen McGinty asked counties across the state this week to help identify potential brownfields redevelopment projects that private investment firms, like Cherokee Investments could help finance.

Cherokee Investments, based in North Carolina, is a private investment firm that is looking for large brownfields projects of from $10 to $250 million. They will take the property “as is, where is” and assume complete remediation responsibility and liability for existing and future contamination.

Since 1990 Cherokee has acquired over 330 properties specializing in the remediation and sustainable redevelopment of brownfield sites and currently retains over $1 billionin assets.

3/18/2005