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Many municipalities across the province of Ontario are anxious to see abandoned brownfield properties back on the active tax rolls. There are few worries that prospective condo buyers will not line up for a chance at a prime downtown or lakefront residence, even if they’re located on a former industrial site. Developers, barred from building in the province’s protected greenbelt, are itching to break ground on new residential and commercial projects in the existing urban core. That is, they are ready to go as soon as several unresolved legal and technical questions are settled.
But make no mistake. Despite this optimistic overview, there is still concern. Owners and developers are worried about what to do with the soil excavated from contaminated properties. They are worried about who is qualified to undertake site assessments, oversee cleanups and sign off on all the attendant paperwork. They are worried about what is and is not considered a “sensitive site,” and they are worried about time to complete and overall costs. But, most of all, they are worried about closure in the form of long-term liability.
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Industry Profiles
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April Laliberte Flagstaff, Ariz.
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Trey Hess Jackson, Miss.
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by Staff Report
In Michigan, some are predicting a better business climate for redevelopment and regulatory closure of contaminated properties thanks to a bill Michigan Governor Rick Snyder was scheduled to sign last week. The new regulations should have a positive impact on commercial real estate development and brownfields redevelopment resulting in the creation of jobs. |
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by VeruTEK
A property located on a bank of the East River and in a densely developed residential and commercial area, had its work cut out for it from an environmental remediation standpoint. The mission was to clean up the land and ultimately make one puzzle piece to a larger urban revitalization project that would be redeveloped as a public library and park ranger station.
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Industry Experts
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Susan Boyle
Mt. Laurel
Senior Environmental Practice Leader, GEI Consultants
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