I can think of a few reasons a Phase I would be warranted. Has any cleanup been conducted? Is contamination still present? Are there other potential sources of contamination at the site? A Phase I could assist with answering some of these questions.
Also, a Phase I would likely be a started point for liability protection or insurance. It also might assist with a new users evaulation of the business risk associated with the site. If theres financing, a Phase I may be required by the lender.
To sum up, Phase Is are oftened performed on sites already identifed as brownfields for a whole list of reasons. Of course, a Phase I might not be warranted for a new user depending on their needs. It would be something that would have to be evaulated at a case by case basis.
In addition, the Phase I ESA might identify if there are any off-site issues that may have impacted the subject property. That is the most common answer I give as to why to do a Phase I ESA on a property like this...yes, there may be on-site issues you know about, but there may also be off-site issues that you were not aware of...
It's also a pretty convenient way to summarize info about the place, even if you're not using it for AAI purposes. It'd be easier for an investor to commission a Phase I than to wrestle with all the state and federal records themselves.
Let's not forget that AAI was developed as part of the Brownfield Redevelopment Act...so obviously EPA felt it was critical to do Phase I reports on Brownfields to maintain liability protections....this is how you would quantify the issues on the site while maintaining your liability protections.
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Whats the question? Is this for a specific site or just an "in general" question?
You might get more of a response if you provide a little more detail and specify what questions you have or what you'd like discussed.
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If a site has been defined as a Brownfield site in the past, what would be the purpose of now performing a Phase I on the site?
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Ss and Gs
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I can think of a few reasons a Phase I would be warranted. Has any cleanup been conducted? Is contamination still present? Are there other potential sources of contamination at the site? A Phase I could assist with answering some of these questions.
Also, a Phase I would likely be a started point for liability protection or insurance. It also might assist with a new users evaulation of the business risk associated with the site. If theres financing, a Phase I may be required by the lender.
To sum up, Phase Is are oftened performed on sites already identifed as brownfields for a whole list of reasons. Of course, a Phase I might not be warranted for a new user depending on their needs. It would be something that would have to be evaulated at a case by case basis.
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Thank you for the input. You've provided me with a useful perspective.
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In addition, the Phase I ESA might identify if there are any off-site issues that may have impacted the subject property. That is the most common answer I give as to why to do a Phase I ESA on a property like this...yes, there may be on-site issues you know about, but there may also be off-site issues that you were not aware of...
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It's also a pretty convenient way to summarize info about the place, even if you're not using it for AAI purposes. It'd be easier for an investor to commission a Phase I than to wrestle with all the state and federal records themselves.
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Possibly for bona fide prospective purchaser liability protection.
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Let's not forget that AAI was developed as part of the Brownfield Redevelopment Act...so obviously EPA felt it was critical to do Phase I reports on Brownfields to maintain liability protections....this is how you would quantify the issues on the site while maintaining your liability protections.
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