Project Navigator, Ltd. has been working with some clients to formulate long-term management strategies for major liability sites. These sites will most likely have to be retained by the company, and not transferred for fee, to another party.
Clients are interested in reducing costs with revenue from green technologies which could operate on the "surficial platform" the site provides. Project Navigator planning work shows that remediated, former waste sites, if appropriately located, could host wind and/or solar farms.
We now note that New York-based Allco Renewable Energy plans to develop a $45 million solar energy project atop a former hazardous waste site near Coventry, RI.
Click here as the following Waste Business Journal press release explains more...
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Understanding both the short term and long term environmental liabilties associated with your currently operating as well as your surplus properties is a necessary component to sound business planning. Some companies have been very successful in shedding surplus properties while others have had less than favorable resutls - including in some cases retaking possession of the property in order to control environmental liabilities. Any consideration of the sale or give away of a surplus property must consider a balancing of current and likely future liabilities against any near term economic gain.
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