Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Whats the difference between a Brownfields Comfort Letter and a Brownfields Site Status Letter?

0
Posted

Whats the difference between a Brownfields Comfort Letter and a Brownfields Site Status Letter?

0

Brownfields Comfort Letters and Brownfields Site Status Letters are valuable tools that can be used to address liability issues preventing brownfields transactions and redevelopment. A Brownfields Comfort Letter explains a specific liability exemption established by statute or IDEM policy and applies the exemption to the site and letter recipients. In this way, a Brownfields Comfort Letter may eliminate unnecessary liability concerns for a site with no liability for current or future users. In a Brownfields Site Status Letter, IDEM compares site conditions to objective, risk-based cleanup standards. While a Brownfields Site Status Letter is not a release from liability, it may serve to minimize and qualify the exposure to risk for remaining liability at a site. Where can I find information on financial and technical resources that are available beyond what IDEM and the Indiana Development Finance Authority provide? The appendices in the Indiana Brownfields Redevelopment Resource Guide

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123