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Brownfields
Contaminated industrial or commercial
sites can be turned into profitable real estate development ventures by taking
advantage of the new ``brownfield"
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 Download the Quarterly Schnapf New
York State Brownfield Report
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initiatives. Under these programs, prospective purchasers and their lenders can
obtain releases from liability for past contamination that they did not cause
in exchange for performing limited site cleanups. Corporations who have been
keeping these properties off
the
market can now sell these properties, improve their balance sheets and minimize
the contingent liabilities that they must disclose to the Securities and
Exchange Commission.
State Brownfield and Voluntary Cleanup
Websites
We have considerable expertise
negotiating agreements for the purchase and cleanup of these sites. We can also
help clients locate undervalued properties that may qualify as brownfields,
develop focused, risk-based approaches for cost-effective and expeditious
investigation and cleanups of these sites, and identify sources of governmental
and private funding to finance or offset cleanup costs.
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