New Life for Old Ohio SiteMention the name “Diamond Shamrock” to locals in the Cleveland area and you’re likely to get an immediate, negative reaction. People inevitably think about the company’s contentious past and the legacy it left behind when it ceased operations more than 25 years ago: a massive piece of prime lakefront property, permanently fenced off due to unquantified chemical contamination. Of course, as is often the case with brownfields, public perception is based more on misinformation and fear than on facts. What follows is an account of the strategy employed to resolve decades of litigation and bring new possibilities for housing and recreation to a property that had tremendous potential, but had long since been written off as a lost cause. A Troubled Past The Diamond Shamrock Painesville Works began operations in 1912. Historically, the facility was one of the county’s largest employers. Located on 1,100 acres along Lake Erie, approximately 30…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