Asbestos brake plant
Manheim, PA
About Brownfields
P&L has acquired
and remediated numerous sites around the country that have environmental
problems. Sites acquired, remediated, and sold and/or leased by P&L
Investments and its affiliates have ranged from a 90-acre asbestos brake
plant to an 18-acre PCB-contaminated Superfund site. The said 18-acre site
is the first Superfund site in the country that was sanctioned by the EPA
for conversion to a residential use (instead of commercial use).
Definition of Brownfields
The EPA defines "Brownfields" as "abandoned, idled, or under-used industrial
and commercial facilities where expansion or redevelopment is complicated by
real or perceived environmental contamination."
Many property owners prefer that their properties not to be labeled a
"Brownfield," because they fear this will reduce the property's value. As a
result, some States (e.g., Maryland) that attempt to compile a list of
Brownfields often confront uncooperative property owners.
P&L's Expertise
Working through a land
recycling program in order to clean-up a contaminated site can be
complicated and confusing to individuals not familiar with the concepts
and issues involved in Brownfields redevelopment. P&L's history with
industrial site redevelopment is laden with success. P&L's developments
range from the first project to receive a $1 Million industrial reuse
grant from the Commonwealth of Pennsylvania to an industrial site in
Waterbury, Connecticut with over a decade of previous ground water
problems. P&L understands how to remediate Brownfields on an economical
and profitable basis. P&L's President, Gary Silversmith, is a noted
environmental attorney who speaks frequently at Brownfields conferences,
including the annual EPA conference. One of P&L's most noteworthy
Brownfields site, the O'Brien Machinery project in Downingtown,
Pennsylvania, has been referred to in some speeches by Environmental
Protection Agency (EPA) officials as a model of Brownfields
redevelopment.
