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Experts Weigh In: Is an Onsite Dry Cleaner a REC?
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ESARpt_drycleanerfeature.pdf
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One of the most challenging aspects of conducting Phase I environmental site assessments involves making determinations about whether a condition constitutes a “recognized environmental condition” under the ASTM E 1527-05 standard. In recent discussions with Phase I environmental site assessment professionals, real estate attorneys and investors, it became obvious that the industry has varied expectations and habits when using and hearing the term REC as applied to dry cleaners. For this story, EDR assembled a team of leading experts in the environmental due diligence world to share their opinions on this controversial question: Should an onsite dry cleaner be characterized as a REC?
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