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As the least-polluted sites were harvested, so to speak, and greenfield financing became easier to obtain, the average timeframe for redeveloping a brownfield stretched from three to five years.
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The Obama administration wants 70% of the $787 billion American Recovery and Reinvestment Act of 2009 to be invested by the end of 2010. At mid-year, it was less than 10% of the way there.
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As of May 22, $36.7 billion of American Recovery and Reinvestment Act funds had been paid out. The federal government's target is to have 70% of the $787-billion Act invested by the end of 2010, which is why successful applicants focus on projects that can start now and deliver results quickly.
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You don't have to be a big gun-a Los Angeles or New York City or St. Louis-to get your share of the shrinking federal-funding pie. But you do have to network.
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