Environmental News,Regulatory News
January 8, 2021
Blackstone has assisted multiple clients with successful CELR applications. Properties have included commercial sites, former gas stations, and former manufacturing facilities. For one client, a Phase I ESA identified the possible presence of a historical gas station on the property in the early 1960s, and a subsequent Phase II ESA confirmed the presence of hydrocarbon impacts in soil and groundwater above residential risk-based concentrations. The liability release provided by the CELR obtained for this site allowed the property transaction to take place. (more…)
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