Seminar to explain how to handle environmental issues during property deals

By LVEDC Staff on August 13, 2013

Tracy Oscavich, director of the Lehigh Valley Land Recycling Initiative, will serve on an upcoming panel entitled Understanding Environmental Can Create Opportunities.

The seminar is designed to assist developers, investors, commercial brokers, business owners, commercial lenders and municipalities understand how to handle environmental issues, whether known, discovered during due diligence, or dealing with environmental “catastrophes” as a property owner or operator, as well as discussion about the Phase 1 update, expected to take effect before the end of 2013.

“No question that old gas cans, oil slicks and contamination could send up a red flag to making a deal,” said Tracy Oscavich, director of the Lehigh Valley Land Recycling Initiative. “The reality is that not all environmental problems are the same. And some can be handily addressed through the expertise LVLRI and our partners provide and leave an investor with an economic solution that will revise their view of the merits of the deal.”

What many would view as “deal killers” can actually become additional business opportunities:

–          Buyer/Lender Due Diligence

–          Phase I & II – Dealing with the Findings

–          Agreements of Purchase and Sale

–          Loan Agreements

–          UST/Storage Tank & Spill Prevention Act

–          Act 2 – Soil/Groundwater

–          DEP Buyer-Seller Agreements, Remedial Actions, EPA interface

–          Financial Programs

–          Public-Private Partnership

The panel includes John Lushis, Jr. and Jeffrey Casaletto, Esq., of Norris McLaughlin & Marcus, Besty Schamberger, president of Moonstone Environmental and Oscavich.

The panel discussion takes place from 8:30 through 10 a.m. on Wednesday, September 25th at The Foundry Room of the Sands Casino, 77 Sands Blvd., Bethlehem, 18015. Registration begins 30 minutes prior. At the conclusion, a 30 minute question and answer session will follow.

For more information or to register, please call 610-391-1800.

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