Complex Value Considerations from Site Contamination
After a client obtained a large plot of land, questions arose around exactly how contaminated the property was due to its decade-long use as a solvent storage and distribution center and the resulting lawsuit was centered around differences in property value based on site conditions.
Because of our 25-year history dealing with matters of site contamination as part of litigation activities, LTE makes for an excellent expert witness. The property in question, which had been proposed for listing as a National Superfund Listing site, had complex valuation considerations. We were able to support litigation activities and demonstrate the extent of impact; the time and costs needed to remediate the contamination, and the final suitability of the land for reuse protective of human health and the environment.
After a year-long engagement, the expert testimony and advocacy provided by LTE helped our client obtain a significant victory in determining the actual value of the site. Our experience and trusted technical approach was respected by our clients, the attorneys, and the Court.
Sub Services List
- Chemical & Materials Management
- Due Diligence
- Site Investigation
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OTHER PROBLEMS SOLVED
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