Michael Whitehead, CEO of W&M Environmental, is hosting a free lunchtime webinar, “Deal Making Strategies for Contaminated Real Estate in Texas” on June 25th at 11:30. Whether buying, selling or lending, this informative webinar can help you understand environmental due diligence and solutions for contaminated properties. The webinar will address the Phase I/II ESA process, Texas regulatory programs, and remediation/closure strategies (along with related costs). The webinar will include an overview of Texas regulatory programs such as the Leaking Petroleum Storage Tank (LPST) program, Innocent Owner/Operator Program (IOP), Voluntary Cleanup Program (VCP), and Municipal Setting Designation (MSD).
W&M assisted a real estate developer with the evaluation, remediation, and closure of a property located in Garland that had been historically contaminated. The Site had been a shopping center with a separate service station located on the front side of the property. Contamination at the Site was associated with maintenance operations at the former service station along with several off-Site properties including a dry cleaner. The Site was entered into the Texas Commission on Environmental Quality’s (TCEQ) Voluntary Cleanup Program (VCP) to address the chemicals of concern (COC) and subsequently re-develop the property. The property was completely razed to the ground and was being redeveloped for commercial retail businesses including a bank. The primary COCs were related to the former service station along with several off-Site sources. The prompt remediation and closure from TCEQ were critical to the redevelopment process from the standpoint of the lender and the potential tenants who required that