How do I know if the property I own or am interested in buying/developing is a brownfield?
In simple terms, a property is considered a brownfield if contamination – or even the possibility of contamination – is interfering with its reuse. If your property may be contaminated, you will have difficulty financing, developing, or selling it for its full value until you perform an assessment. Unknown contamination can also pose a health risk to you or your neighbors. An Environmental Site Assessment (ESA) will give you information about the history and current condition of your property so that you can make informed decisions and move forward with your plans. Most lenders, developers, and purchasers will ask for an ESA on any commercial or industrial site.
