RE: investment funds for brownfield reclamation

["Knochenmus, Talmon" <tknochenmus@haglerbailly.com>]

I have heard from lenders that large financial institutions will not
generally finance a former Superfund site, although they may do Brownfield
sites. 

My primary interest is in redevelopment of Superfund sites; I'm wondering
if there are any tools used in Brownfields redevelopment that may be
applicable to Superfund sites. Are there investment firms in the business
of purchasing and redeveloping these sites? Are insurers willing to write
policies for developers of current/former Superfund sites?

Any thoughts will be greatly appreciated.

Talmon Knochenmus
1530 Wilson Boulevard
Arlington, Virginia 22209-2406
703.312.8692 W
703.351.6166 Fax


-----Original Message-----
From: Eugene P. Schmittgens, Jr. [mailto:EPS@ziercher.com]
Sent: Friday, April 02, 1999 4:32 PM
To: cpeo-brownfields@igc.org
Subject: Re: investment funds for brownfield reclamation


I almost forgot a couple of other items re: investment in brownfields and
liability.

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.