[CPEO-BIF] "Developers aren’t shying away in South Florida"

[Lenny Siegel <lsiegel@cpeo.org>]

Contaminated land? No worries. Developers aren’t shying away in South Florida
More brownfield remediation is taking place amid a shortage of land and growing confidence from lenders to fund development on such sites

by Amanda Rabines 
Real Deal (FL)
August 20, 2018 

In its heyday, the Cuyahoga Wrecking company in Opa-locka was one of the most active demolition contractors in South Florida. During the 1970s and 1980s the company, run by the Schwab family, dismantled as many as 275 buildings.

And up until abandoning the property in the late 1990s, the ownership also haphazardly managed to leave behind mounds of toxic debris that festered for decades and ultimately befouled its soil.

By 2010, the property at 1700 Service Road fell into the possession of real estate engineering and consulting firm Miller Legg Capital Holdings. The site was overgrown with vegetation, drowning in code enforcement liens and declared a public nuisance – creating a potential nightmare scenario for broker Reese Stigliano, who was tapped to sell the property.

…

For the entire article, see
https://therealdeal.com/miami/2018/08/20/contaminated-land-no-worries-developers-arent-shying-away-in-south-florida/

--

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

_______________________________________________
Brownfields mailing list
Brownfields@lists.cpeo.org
http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org