1999 CPEO Brownfields List Archive

From: "Eugene P. Schmittgens, Jr." <EPS@ziercher.com>
Date: Fri, 2 Apr 1999 14:11:11 -0800 (PST)
Reply: cpeo-brownfields
Subject: Re: investment funds for brownfield reclamation
I almost forgot a couple of other items re: investment in brownfields and

First, in the US there are a number of companies that are in the business
of purchasing and remediating environmentally distressed properties.  They
are backed by huge investment firms.

Second, there are a number of insurance products available to insure
against future liability.

I look forward to further discussions.

>>> "Kelly, Elizabeth" <elizabeth.kelly@kpmg.co.uk> 04/02 11:19 AM >>>
Hello all,

I'm new to the newsgroup and have a request for information.

I'm am working on a project in the United Kingdom that involves assessing
the need, feasibility, and structure of an investment fund/vehicle that
would be used to reclaim brownfield land/derelict land for soft end uses
(open space) since not all derelict land is suitable for hard end uses such
as businesses and housing.

Part of the research involves assessing the best practice in other
countries, including the US, on funds like this.  We are particularly
interested in finding out how liability can be managed - and strategies for
maintaining funding, in the light of the fact that soft end uses may not
necessarily be profitable.

Which brings me to my couple of questions:
1) does anyone in the group know of investment funds (or other pools of
money) in the US that are particularly focused on remediation for softend
uses?  how do they deal with potential liability issues?  how are they

2) is there a centralised source of information on investment funds for
brownfield remediation?  (I've checked out EPA and HUD for federal programs
and NorthEast Midwest Institute for state programs -- it appears that there
is so much going on, this might be an impossible question)

Any thoughts that anyone might have will be greatly appreciated.  

Elizabeth Kelly

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