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EBC Site Remediation and Redevelopment Program Series: Contaminated Property Buying/Selling Strategies – Part One – Transaction, Funding Aids, and Project Set-up

When:
January 17, 2017 @ 7:30 am – 12:30 pm
Where:
McLane Middleton
300 Tradecenter Drive #7000
Woburn, MA 01801
USA

Thank you to the Series SponsorHeritage

This four-part monthly program, presented by the EBC Site Remediation and Redevelopment Committee, will use a MOCK transaction scenario to take you through all the phases of developing a brownfield site in Massachusetts. View the Attendee List

Register for the first three programs and receive free registration for the final program in the series (Part Four). EBC will take care of your registration for Part Four. Contact EBC with any questions.

Our mock case will involve High Tech Industries, Inc., a company that wants to build a new world headquarters on a high value location, and Messy Scrap Yard Incorporated, a property owner that wants to sell a 75-year-old 30-acre family-run scrap yard in the perfect spot.

Part One: January 17 – Transaction, Funding Aids, and Project Set-up
Part Two: February 14 – Development and Build-Out Planning
Part Three: March 17 – Demolition Phase
Part Four: April 12 – Redevelopment Waste Management Considerations

The series will provide an interactive case study of the trials and tribulations of developing an old contaminated industrial property, located in Massachusetts, into a new and vibrant use.  Attendees will observe the interaction between a mock buyer (High Tech Industries, Inc.) and a mock seller (Messy Scrap Yard Incorporated), along with their mock legal counsel, during acquisition negotiations, site assessment, resolution of assessment results, the funding process, final sale, and resolution of several typical development challenges.

This first program, Part One: Transaction, Funding Aids, and Project Set-up, will provide insight into how buyer and seller teams posture and strategize to complete a deal where multiple environmental issues exist. Participants will cover real estate negotiations, assessment results, financial planning options available from tax credits and accessing MassDevelopment funds, as well as insurance options to support the deal. Participants will then take part in a panel discussion to facilitate observations and questions with the audience, as well as an introduction to Part Two.

General Continuing Education Certificates are awarded by the EBC for this program (3.5 training contact hours). Please select this option during registration if you wish to receive a certificate.

Program Chair

  • Robert Atwood, Chair, EBC Rhode Island Chapter; Vice President & Senior Engineer, Environmental Strategies & Management, Inc.

Seller Team Discusses Pending Sale of MOCK Site

  • Seller/Owner – Robert Atwood, Vice President & Senior Engineer, Environmental Strategies & Management, Inc.
  • Legal Counsel to Seller – Robert D. Cox, Jr., Partner, Bowditch & Dewey, LLP

Buyer Team Discusses Preliminary Transactional Issues of MOCK Site

Discussion of Site Environmental Assessment & Remediation Results

  • Evan Cuce, Environmental Scientist, Environmental Strategies & Management, Inc.

Insurance Options To Support Deal

  • Karl Touet, Principal, Twin Elms Insurance Agency

Tax Credit Considerations

Public Funding

  • Eleni Varitimos, Vice President, Community Development, MassDevelopment, North Region

Developer Perspective

Final Agenda – EBC Site Remediation Program Series – Contaminated Property Buying and Selling Strategies – Part One – Transaction Funding Aids and Project Setup

Presentations are posted to the Presentations section of the EBC website. Presentations are not available for download.