|From:||Lenny Siegel <email@example.com>|
|Date:||Tue, 8 Sep 2009 23:41:18 -0700 (PDT)|
|Subject:||[CPEO-BIF] Viridian in New Jersey|
Colo. firm planting its roots in N.J.'s brownfields Viridian's visibility takes hold as it restores more contaminated locations By Evelyn Lee NJBIZ September 7, 2009Having completed work on one of the year's most high-profile New Jersey real estate projects, the chief executive of a Colorado-based brownfield development company is aiming to make further inroads in the Garden State, with plans to acquire new properties and open a local office in the coming year.
"We like the real estate in New Jersey as well as, or better than, anywhere else in the country," said Bill Lynott, CEO of Highlands Ranch, Colo.-based Viridian Partners, which he founded in 2003. In its acquisition and repositioning of brownfield sites, Viridian has focused on two of the nation's largest industrial markets - the ports of Newark and Elizabeth, and the ports of Long Beach and Los Angeles - which have the "best economics" because of their supply constraints, high demand and exit pricing potential, he said.
...Lynott, however, said that the Licensed Site Remediation Professional program - part of the Site Remediation Reform Act that was passed in May - will speed the remediation process, though he wasn't sure how many of his projects would be able to participate. The site in Cranbury, for example, still contains live munitions, and will likely stay under DEP supervision, he said.
... For the entire article, see http://www.njbiz.com/weekly_article.asp?aID=107002303.28843202.1028651.8555542.8807061.583&aID2=79118 -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org
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