Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Superfund Success or Failure

Superfund Success or Failure

Madson, Gregory

Paperback

United States Politics

ISBN10: 3639088468
ISBN13: 9783639088465
Publisher: Blues Kids Of Amer
Published: Oct 20 2008
Pages: 132
Weight: 0.41
Height: 0.28 Width: 6.00 Depth: 9.00
Language: English
Under Superfund legislation, the innocent landowner defense has led to the use of environmental site assessments (ESAs) as a common practice in the acquisition and financing of commercial property. The objective of this inquiry was to examine the effects of environmental risks and liabilities as disclosed in ESAs in the acquisition and financing of a set of commercial property transactions in the Portland, Oregon metropolitan area. The findings suggest that transaction prices are not reduced in the structuring of risk and liability. In addition, financing is likely to revert to seller financing when environmental risk and liability are present. Furthermore, the Superfund liability provisions have led to the mitigation of environmental degradation in the acquiring of commercial properties with minor environmental problems while those with more substantial problems may not be acquired or financed. Policy implications are posited addressing brownfield redevelopment issues. Commercial real estate brokers, attorneys, and lenders; and pro-fessionals in environmental law, policy, planning, and economics should find this research useful and enlightening.

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