Series 38 – On the Correct Understanding of Remediation
This is the thirty-eighth in a series of light, short and visual talks on taking control of environmental-risk concerns that haunt otherwise lucrative transactions in commercial and industrial properties, and even residences.
Remediation is not an absolute term. In the environmental-risk lingo it means the reduction of the intensity of the contamination to such levels that will be accepted by the regulatory authorities as safe for public health and the environment.
It is not unusual for us to be approached by investors much interested in environmentally impaired properties. Some say that gain is proportional to the pain that one is able to experience, and we’ve found that there are those out there that will go long way for the sake of the eventual reward.
Presenting a well-tested technology of remediation of volatile organic compounds from groundwater.
Time and money are connected and it behooves us to outline time schedules when engaged in the Phase I and II environmental site assessments.
Cost of Phase II Environmental Site Assessment can be substantial, we see stakeholders evaluating the benefit within the framework of the entire transaction.