Brownfield redevelopment professionals in California have been facing increasingly strong headwinds in the pursuit of regulatory case closures after conducting site investigations and remediation work. Even the most experienced teams of expert remediation professionals and environmental attorneys have more commonly found themselves unable to successfully demonstrate that a site is “clean enough” to Cal-EPA agencies to achieve the No Further Action (NFA) determination.
Despite the huge value proposition that exists in bringing California industrial property back to productive use and the abundant subsidies available for affordable housing projects, Brownfield investors are walking away from the State due to their perception that environmental issues are a “permanent death sentence” for property there. As well, lending institutions are rejecting loan applications for purchase and construction financing on sites, even when the remediation has been completed, simply due to the lack of ability to achieve NFA status.
So……is it really still possible to close environmental cases in California? In our upcoming legal and technical seminar, law practice Frost Brown Todd and consulting firm Murex Environmental will present and lead panel discussions that will probe this question, discuss the statutory underpinnings of recent RWQCB and DTSC policies, and offer strategies to navigate the challenging regulatory environment. Join us in-person in Los Angeles or virtually on the morning of Thursday, May 18, 2023 to fill your quiver with best practices and deeper knowledge of Cal-EPA policy.
This program is 3 hours and is pending approval for MCLE credits in California.