• Image

    2017 RE3 Conference

    Philadelphia, Nov 1, 2017, Marriot Downtown
    The must-attend event of 2017 focused on…
  • Image

    2017 National Brownfields Conference

    Pittsburgh, Dec 5, 2017, David L. Lawrence Convention Center
    Please join us for the premier brownfields…

Feb 7, 2017

Five Questions Corp.’s Need Consider Before Selling Contaminated Brownfields for Redevelopment

There are five steps that Diethrich outlined that will appear in the February online issue of Renewal & Redevelopment—set to go live the middle of this month.

Below are the five steps, which will be explained in greater detail when the online issue is released.
1)         How well understood are the environmental conditions of your property? A complete environmental site assessment to fully characterize the type and extent of contamination that exists beneath your property in soil, soil vapor and groundwater is mandatory.

2)         How well do you understand your liabilities associated with the environmental conditions? As the owner of a contaminated property, you are ultimately responsible and liable for the proper management of hazardous waste generated during the cleanup of your property, in perpetuity or until it has been completely eliminated.

3)         What are the legal obligations associated with your environmental liability? The Federal Resource Conservation and Recovery Act (RCRA) and its implementing regulations set a program for the management of hazardous waste and contaminated soils, from the point of initial generation through the ultimate disposal of the waste.  

4)         Does the purchaser have the financial means, technical capability and experience to properly remediate the site? All property developers are not created equally. Brownfield redevelopment requires expertise in environmental regulation, remediation technologies, remedial construction and public health that are beyond the scope of most real estate development projects.

5)         How will the buyer protect the seller against future liabilities and claims? Lines of protection include remedial performance guarantees, site pollution liability policies and environmental trusts. Navigating the complex regulatory framework, before and during a project, is key to the successful implementation.

 



Article tags: atmospheric greenhouse gases, carbon dioxide, World Meteorological Organisation


A Mill(ion) Dollar Opportunity

The Bates of Maine Woolen Mill, a former industrial anchor in the city of Lewiston (pop.36, 500) in western Maine, has been transformed into a modern and bustling economic hub following years of city, state, federal, non-profit, private involvement and funding

Brownfield News  


Subscribe to Brownfield News

Industry and Association News delivered to your mailbox so you're in the know.
Your Name *
Company *
e-Mail *

Awards

More than 500 industry experts will come together November 1-3, 2017 in Philadelphia for the next important conference on remediation and redevelopment. It's the event you do not want to miss.

We would like to recognize and thank our Conference Sponsors for their generous support.


The former General Motors Indianapolis Stamping Plant property presented a unique, 103-acreurban redevelopment opportunity ...

It was formerly a 100-year-old textile warehouse that held 550,000 bales of cotton ...

Despite the cloud of uncertainty around federal funding, there's a mood pervading that mostly consists of "carry on regardless" ...

Redevelopment Renewal Awards is the annual recognition of the outstanding renewal projects to the Renewal Industry.

The Renewal Awards categories are: Environmental Impact, Economic Development, Social Development, Sustainability, Renewable Energy.

We're gearing up for the next year's Awards Program. Your suggestions and ideas are welcome and help us improve the Program.
Thank you!

Michigan developers now can collect some of the taxes generated by businesses on brownfield sites upon which they're building ...

Innovative Florida environmental site cleanup and Brownfield programs received a boost as the 2017 regular session of the Florida Legislature concluded ...

Green Bay, Wis. redevelopment efforts are getting a big boost with a grant from the Environmental Protection Agency ...