The cleanup and redevelopment of contaminated sites of hazardous materials is a
global concern that requires an integrated approach to mitigate the risks to
human health and the environment. Many countries have committed extensive
resources to the effort to address environmental, social and economic issues
related to cleanup and redevelopment of these contaminated hazardous waste
sites. The challenge is how to capitalize on the resources, expertise, …
Cool Million
California State Treasurer Philip Angelides presented a check for $1 million to San Diego Mayor Dick Murphy as part of
a new initiative sponsored by the treasurer. Dubbed California Recycle Underutilized Sites (Cal ReUSE), it is part of the treasurer’s “Double
Bottom Line” investment strategy, which …
When I mention my specialization in brokering
brownfield sites to other real estate professionals, they often respond
with a look of disbelief. Why would I waste my time working with
contaminated sites? And how do I find buyers for properties that often
require extensive and costly redevelopment?
…
The Karolina site, a former industrial area, lies in the center city of Ostrava,
Czech Republic, just feet away from the city’s historic square. Its importance lies in the rarity of finding 150 acres of
prime, undeveloped land in a prominent central city location—especially land that is available and suitable for development of local and
regional importance. The size, location and potential use of the site …
If you’re going to build a business you need two things—understanding of what works and what doesn’t and a focus on customer service. Minnesota has approached its brownfield programs with those points in mind. The state has kept meticulous records on investment and results of redevelopment programs, which give the state a profound understanding of its programs, their effectiveness and their value. The state has also worked to simplify …
As more and more large brownfield redevelopment
projects are completed, the fear of costly and time-consuming environmental
cleanup on small parcels within those brownfield areas can discourage
redevelopment. This is particularly true when remediation is complicated by
groundwater contaminant plumes that cross the boundaries of several
…
Mortgage Bankers Insurance Policy
The Mortgage Bankers Association announced the
formation of a task force on the use of environmental insurance for
commercial real estate loans to provide standards for its members. The task
force aims to educate association members on the types of environmental
insurance policies prevalent in the commercial real estate industry. The …
Habitat for Brownfields
Inspired by the redevelopment model created by the
pilot partners in the Twin Cities, EPA headquarters has forged a
partnership with Habitat for Humanity International. EPA Administrator Christie
Whitman signed a memorandum of understanding with Habitat International to
bring property-assessment capability to Habitat affiliates in San
Francisco, Boston, Denver and Charlotte, N.C.
Twin …
Well we're living here in Allentown
And they're closing all the factories down
Out in Bethlehem they're killing time
Filling out forms
Standing in line
© Billy Joel
Billy Joel’s anthem to factory workers who have
lost their jobs in the steel mills of Bethlehem, Pennsylvania speaks
…
Event: Citizen concern over the extent of uncontrolled and abandoned hazardous waste sites led Congress to establish the Superfund Program (CERCLA) in 1980 to locate, investigate, and clean up the nation’s worst sites.
Action: Superfund forcibly brings environmental liability to the attention of the business community through retroactive, strict, and joint and several liability that requires “potentially responsible parties” to defend whether they were liable for the cost of cleanup.
Connection: The …
Event: Minnesota adopts first Voluntary Investigation
and Cleanup program (VIC).
Action: Property owners can voluntarily enter their
site into the state VIC program and through mutual negotiations agree to
the level of cleanup that will be required for Minnesota to provide final
cleanup approval. …
Of all of the potential end-uses for the site of the old Diamond Shamrock
Painesville Works, a vineyard and winery are probably the least expected
options. In fact, when we first proposed the concept, the thought behind the quizzical
looks which were generated by our idea undoubtedly was – have you been drinking?
Because of …
Philadelphia Brownfields Growing Greener
The Pennsylvania Dept. of
Environmental Protection’s Office of Pollution Prevention and
Compliance Assistance (OPPCA) has issued a
$50,000 grant to the Greensgrow Philadelphia
Project for the purpose of turning brownfield
sites within the city into small …
It’s Friday afternoon, the mayor’s chief of staff calls and asks you to prepare a report with specific facts and figures about how many brownfield properties have been cleaned to date, how many private sector dollars have been invested into redevelopment of brownfield properties in the city, how much in public sector funds has been invested, how many jobs were created and what has been the return on investment for …
Mention the name “Diamond Shamrock” to locals in the Cleveland area and you’re likely to get an immediate, negative reaction. People inevitably think about the company’s contentious past and the legacy it left behind when it ceased operations more than 25 years ago: a massive piece of prime lakefront property, permanently fenced off due to unquantified chemical contamination.
Of course, as is often the case with brownfields, …
An economically feasible, sustainable funding mechanism
For developers and communities alike, one of the biggest barriers to overcome
when redeveloping brownfield property is the cost of environmental activities.
The question often asked is “How do we fund these costs?” We have come a long way, where the particular project cost pro forma can
support the environmental costs in obtaining willingness from the existing
…