October 2013

You Say “Removal”, I Say “Remedial”

In 1990, a municipality in Long Island installed a granulated activated carbon (“GAC”) adsorption system at a cost of $1.25MM to remove volatile organic compounds (“VOCs”) that had been detected in two public drinking water wells. When the GAC proved ineffective in reducing the VOCs to the maximum contaminant levels (MCLs), the municipality commenced construction […]

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NYS Tax Department Rules on Eligibility of Post-COC Costs for BCP Tax Credits

During the Great Recession, many brownfield sites in the lost their project financing. In New York, sites that were remediated and received a Certificate of Completion (COC) remain valuable because owners have ten years to develop the sites and claim the lucrative qualified tangible property (QTP) tax credit (explained below). As market conditions have stabilized,

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CERCLA “Discovery Rule” Playing Important Role in Toxic Tort Cases

State statutes of limitations (SOL) establish the time period when an injured party may bring a lawsuit seeking compensation for damages. In general, the SOL “clock” will start when a claim “accrues” (e.g. when all of the required elements of the cause of action have been satisfied. Because of the long latency period between exposure

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Ct Allows Claim Agst Consultant For Missing Contamination at Lowe’s Site To Proceed

Some time ago, we discussed the $14MM lawsuit filed by Lowe’s Home Centers  against a consultant. Lowe’s alleged  that the consultant failed to identify all areas that had been contaminated with PCBs and the store opening was delayed because of complications associated with the previously unknown PCB-contaminated soil was improperly disposed. The matter eventually settled Another

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