Environmental, Health and Safety Consulting

In today’s economic condition, an abundance of commercial and industrial properties have been surfacing in the marketplace. While the list of availability grows, the environmental stigma associated with past business at these facilities has continued to rise and continues to be one of the largest deterrents for perspective buyers.  It seems unless the property is “clean”, no one wants to assume “the environmental skeletons” that may reside in the property’s proverbial closet. But “How clean is ‘clean’?” remains the underlying question.   

The advent of risk-based closures has helped define “clean” and the ultimate goal of any cleanup program is a “No Further Action” (NFA) status letter. While this has helped alleviate some buyers’ concerns, unless the words “No Further Action” were uttered by a regulator, the presence of contamination still added a stigma to a property causing most investors, developers and bankers to shy away.

To learn more, click here to read an article written by one of the environmental assessment and remediation experts at August Mack Environmental.