Abandoned, idled, or under-used
industrial and commercial properties at which real or perceived contamination
interferes with efficient real estate transactions, expansion, and redevelopment
or reuse efforts. The legal, financial, and technical issues and
obstacles associated with brownfields can be overwhelming providing no
alternative framework to move forward within existing transaction scenarios.
Economic realities impose limitations on what can be accomplished in brownfields
cleanup and redevelopment. Environmental insurance and some new, creative
risk financing techniques can remove those limitations.
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