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  • How to use Environmental Liability Transfers During Complex Business Transactions and Other Scenarios

    Thursday, December 12, 11:00 am - 12:00 pm
    502 A
    Panel Discussions
    Track 6: Liability and Enforcement
    During brownfield redevelopment projects, budget forecasts seldom align with actual costs – this can be due to a variety of factors including: higher than expected concentrations of environmental contamination, changes to regulatory requirements, fluctuating interest rates, fluctuating and unpredictable scrap recycling and equipment salvage prices, contractor disputes, unforeseen conditions, relocation of utilities, fluctuating real estate values and so on. Often the cost to remediate a brownfield site can be greater than the original cost to build and bring a facility online. This presentation will present a strategy designed for PRPs and other stakeholders seeking a cost-controlled and risk-controlled solution for managing the retirement and remediation of brownfields. The panel will also discuss a series of hypothetical business scenarios (based on real scenarios) where ELTs were used. The panel will also provide a time for Q&A.
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