Re: investment funds for brownfield reclamation

[peter strauss <pstrauss@igc.apc.org>]

While I do not have specific information concerning your question (e.g.,
lenders, insurance companies), I would suggest that a good start would
be looking at Netscape, which built its headquarters in Mountain View on
a Superfund site known as MEW.  Also, several years ago, EPA Region IX
conducted workshops at the Tucson International Airport Superfund site
with the intent to encourage development and stop a decline in property
values.  Craig Cooper was the RPM at the time and he may be a good
resource.

Peter Strauss  

Knochenmus, Talmon wrote:
> 
> 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.