[CPEO-BIF] Home Depot, New Bedford, Massachusetts

[Lenny Siegel <lsiegel@cpeo.org>]

Low deal with Home Depot nothing new

By Jack Spillane
New Bedford Standard-Times (MA)
March 24, 2006

The New Bedford Redevelopment Authority's agreement to sell 
tax-foreclosed property to Home Depot below the assessed value is not 
unusual, say experts in brownfields cleanups.

In fact, selling a contaminated property cheaply to a private sector 
concern that is willing to clean it up is more common than waiting for a 
government cleanup, said representatives of the Conservation Law 
Foundation and the National Brownfields Association.

"By and large, that is the way things tend to happen," said James A. 
Hamilton, managing director for CLF Ventures.

CLF Ventures is a nonprofit arm of the Conservation Law Foundation and 
consults with private companies wishing to clean up and develop 
brownfield sites, as former industrial sites are known.

...

For the entire article, see
http://www.southcoasttoday.com/daily/03-06/03-24-06/07local.htm

--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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