• Rockford, Ill.: Modernizing a Century–Old Community Landmark

  • RE3 Focus: Pennoni On Leading Edge of Sub-Slab Depressurization

  • Using GIS To Decipher Large-Scale Remediation Projects

  • Right Place, Right Time

 

Help From the Feds

Event: The EPA issues first Memorandum of Agreement to Illinois with additional MOA’s negotiated with the states of Minnesota, Wisconsin and Indiana. The MOA recognizes the states’ capacity to oversee brownfield cleanup. Action: Increased comfort in state liability relief programs as federal government recognizes states as leaders. Connection: Causes market to question the potential of re-opener language. Creates a market opportunity for insurance to provide additional form of liability relief. While the concerns about brownfield cleanup liability had been greatly eased by the introduction of state voluntary cleanup programs, insurance and improvement in remediation technology, there was still one huge fear looming over every transaction—the authority of the federal government to take action under CERCLA. You could get a comfort letter, a certification of completion, or other kind of okay from a state government and you could have billions of dollars in insurance, but you always had the concern that…Log In to Read Full Article

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