Pioneering the Environmentally Contaminated Real Estate MarketBecause LandBank is a pioneer in the evolving brownfields industry. Brownfield News asked company co-founder Bill Lynott to reflect on the firm’s early roots, the industry’s evolution and its future. My partner, Stuart Miner, and I spent more than 20 years as environmental consultants to corporate America. In 1995, the environmental consulting industry was going through a period of consolidation. The business was reaching the maturation stage that all new industries eventually reach. In those days, corporations with properties with environmental concerns were waging the traditional battles with environmental regulators. However, corporations were becoming increasingly familiar with the tools used by environmental consultants to handle these issues, and, most importantly, learning to aggressively minimize their costs while keeping regulators at bay. As a result, the environmental consulting business became a very difficult enterprise with modest returns. We recognized that the heart of the problem for our traditional clients was their…Log In to Read Full Article
RACER Trust’s Proving Ground Stimulates Efficiency
Judge Robert Gerber, sitting in the U.S. Bankruptcy Court for the Southern District of New York, signed an order in effect creating RACER Trust in March 2011. RACER — for Revitalizing Auto Communities Environmental Response — was handed a portfolio of more than 300 properties scattered over 89 locations in… Read more
Water, Water Everywhere?
While in the following pages I will recount a number of serious localized water shortages, I can tell you at the outset, this will not be another gloom-and-doom scenario to which you are treated daily in your local and national news sources. Now, in my 54th year of professional effort… Read more