WHY CONDUCT A PHASE I ESA
Reasons for conducting a Phase I ESA are generally resumed to the following:
To prevent the purchase of a contaminated property without assessing the risk of ownership first.
To satisfy one of the requirements to qualify for the CERCLA’s “innocent landowner” defense, and avoid future cleanup and remediation responsibilities under the CERCLA.
To evaluate if it is worthy owning a contaminated property.
To help in the negotiation process prior to the property transaction.
To avoid future legal responsibilities
To identify environmental conditions prior to redevelopment of a property and to avoid undesired delay and budget exceedance.
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