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P&L Investments, LLC

Conversion of a Superfund
Site to Residential Usage

Brownfield's Challenge

The Small Business Liability Relief and Brownfields Revitalization Act of 2000

are "real property, the expansion, redevelopment or reuse of which may be complicated by the presence or potential presence of a hazardous waste, substance, pollutant or contaminant." EPA estimates that there are more than 500,000 of these properties nationwide.

Redeveloping Brownfields means transforming environmentally-challenged properties into productive properties. Redevelopment creates jobs, allows for the expansion of business, and enhances tax bases. The challenge is, prospective purchasers are often reluctant to acquire Brownfields because they might inherit a significant liability.

Before P&L acquired the Downingtown site, it was a dilapidated and abandoned industrial site infested with drug dealers and condemned buildings. The site was encumbered by both a multi-Million Dollar EPA Superfund lien and over $1 Million in unpaid back taxes. The environmental contamination included over a $1 Million in PCB lingering contamination, lead and mercury in the ground and water, and significant asbestos. P&L arranged for (i) the removal of all of the contaminated materials, including trucking tons of PCB-contaminated materials to Michigan; (ii) a $1 Million grant from the Commonwealth of Pennsylvania to assist with the demolition costs; (iii) a proper demolition of the site; (iv) a rezoning and subdivision of the land in order to accommodate a residential development; and (v) the obtainment of a liability release from both the EPA and the State Department of Environmental Protection (DEP). This industrial blight is now a beautiful new townhouse development with a pristine meandering creek, and the air is permeated with the sound of playing children. Some state and federal officials used this project as a paradigm for Brownfields redevelopment. article published by the EPA. View>>>