After more than ten years of building a brownfield redevelopment program, Cuyahoga County Officials are currently contemplating bringing the program to a close. Over the last few years significant staff cuts have reduced the amount of resources dedicated to the program. Now it appears that in 2017 the various incentives available to attract redevelopment to
industrial property
Ohio EPA Proposed Voluntary Action Program (VAP) Rule Changes
By Joseph Koncelik on
Posted in Brownfields/Transactions
Ohio EPA is moving forward with substantial changes to the rules for the Voluntary Action Program (VAP) which governs the procedures and standards for voluntary cleanup of industrial sites and brownfields. The Agency provided an overview of the changes and its response to public comments last week at the Ohio Brownfields Conference in Columbus.
The…
The Benefits of Clear Environmental Provisions in Sale or Lease Agreements for Industrial Property
By Joseph Koncelik on
Posted in Brownfields/Transactions
The contractual language appearing in purchase or lease agreements for industrial property is critical. I have seen a number of contracts that were fraught with vague terms or even silent on liability allocation. Those contracts now define the company’s liability exposure. Protections the company thought they may have are either non-existent or in question.
That is why it is…