Citation:

MacCourt, D. Why Liability Still Matters. In: SMARTe 2011, EPA/600/C-10/007. U.S. Environmental Protection Agency, Washington, DC, 2010.

Impact/Purpose:

To provide information about liability in the context of contaminated real estate including liability risk concerns, tools to reduce risk of regulatory liability and third party liability, and environmental insurance.

Description:

As brownfield sites become more important to the land base of rural and urban communities for housing, commercial and industrial development, buyers and sellers of brownfields are taking greater, more educated risks in the transaction and real estate development processes. The biggest impediment to the redevelopment of a brownfield site is uncertainty. The most significant uncertainties include cleanup standards and pervasive and inclusive liability. The key to a successful brownfield project is managing the risk or identifying the scope of the problem and allocating or mitigating the risk. This section of SMARTe provides information about liability in the context of contaminated real estate including liability risk concerns, tools to reduce risk or regulatory liability and third party liability, and environmental insurance.

(HOW TO FIND– www.SMARTe.org
Liability-→Overview-→Why Liability Still Matters)