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Lenders and Insurers Beware: EPA’s Revised Clean-Up Goals Will Add Costs and Confusion to Brownfields Redevelopment  


Author:  David B. Fischer.


Source: Volume 23, Number 05, May/June 2010 , pp.49-53(5)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

The financing of brownfields redevelopment projects is fraught with potential barriers under the best of circumstances. Now, the EPA has proposed much more stringent clean-up requirements that will increase redevelopment costs and prevent successful project completions, leaving lenders and developers “holding the bag” after a borrower default.

Keywords: brownfields; environmental insurance; dioxin; clean-up goals; redevelopment cost; lender liability

Affiliations:  1: American Chemistry Council.

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