|
|
 Environmental impairment analysis is designed for investors with financial interests in environmentally impaired properties. The analysis is intended to help answer the questions...
"Do the environmental risks or costs associated with cleanup, species relocation and wetland mitigation outweigh the potential gains from property acquisition?"
"Will the numbers work for my pro-forma?"
The purpose is to evaluate risk and to estimate cleanup, relocation and mitigation costs and time frame.
The general procedure consists of the following components:
- Estimate the magnitude and extent of environmental impacts through limited environmental sampling and surveying.
- Categorize the site into the existing regulatory framework - No Further Action, Monitoring Only, or Full Scale Remediation, Listed Species, Wetland/Upland.
- Evaluate third party liabilities based on adjacent land uses, extent of contamination, public health risks and species migration.
- Estimate cleanup listed Species relocation and Wetland mitigation costs under different scenarios.
M.E.I.'s experience suggests that many potentially lucrative properties are overlooked when low levels of contamination, wetlands or Listed Species are identified. As an example, a significant percentage of petroleum contaminated sites fall into "no further action" or "monitoring only" categories and require little or no remediation activities. These sites are usually in prime commercial locations and can be often overlooked as viable business sites.
|
