The regulatory requirements for closing a manufacturing facility, chemical storage warehouse, or other regulated facility can be as complex as those for starting a new facility. If a closing facility is subject to state or federal hazardous waste laws, we guide the owner or operator through the maze of hazardous waste closure and corrective action requirements. We provide similar assistance for closing storage tanks. We assist in the sale or transfer of air and water discharge credits in jurisdictions that allow such transactions. In states such as Ohio that have specific environmental regulations governing cessation of regulated industrial and commercial operations, we assist facility owners, operators, and lenders in meeting the notification, security, and cleanup requirements under those regulations.
Where a closing facility will be sold, it is often prudent for the seller, purchaser, and/or lender to perform a detailed environmental assessment to establish an inventory of recognized environmental conditions at time of transfer, assess potential risks, and establish eligibility for legal protections under CERCLA and similar laws. We have guided clients through the environmental aspects of scores of commercial and industrial real estate transactions involving everything from large chemical manufacturing facilities to small machine shops.
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