|
Environmentally distressed properties carry unique risk of
liability, but many such properties have the potential to
generate capital or revenue through site divestiture or redevelopment.
Maximizing the potential value of a site depends on acquiring
and evaluating in-depth information in several fields of expertise,
including environmental sciences and economic analysis. Exponent
offers a team of scientific and business specialists who will
integrate their expertise with the knowledge that already
exists within your organization. Together, we can determine
the most advantageous alternative for addressing the challenges
associated with real or perceived environmental contamination.
Wood-Treating Facility
Joplin, Missouri
 At
a wood-treating facility in southern Missouri, Exponent performed
an economic analysis of early closure options for a $22-million
soil remediation project. In its current state, the property
was costing the owner millions of dollars per year for cleanup.
Exponent helped the company achieve its environmental cleanup
goals in conjunction with a redevelopment plan that would
save more than $4 million in remediation costs, and generate
revenue in excess of cleanup costs. By using redevelopment
as a negotiation tool, Exponent demonstrated to regulators
how a modified treatment approach would enable construction
of a warehouse to increase the use value of the facility while
ensuring continued remediation. Exponent also evaluated the
ongoing environmental monitoring requirements dictated in
the facility’s RCRA permit and identified over $100,000
per year that could be saved by eliminating unnecessary monitoring
points, streamlining the analytical program, and reducing
the monitoring frequency. The monitoring program changes were
included with the permit modification request for early closure.
The regulatory agency approved early closure and redevelopment
of the site, including the monitoring program changes, based
on both the environmental and the economic analyses.
top | next
|
