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Developer Lesson 2: Don’t leave money on the ‘water’ table

November 10, 2021

While the process is far from simple, there is money to be made in the purchase of polluted land. Contaminated sites are often offered at a discount, after all. That spells opportunity. But unseen, unexpected costs can eat into your profits.

Groundwater, for example, may be the site’s real problem, and it may have moved off-site and down the block (or two).

When you are faced with the decision about whether or not to snatch up a well-priced development site, it’s worth consulting an environmental lawyer. We can help you seize the right opportunities, at the right price, with the right protections built into the deal. And information will be key. For example, there is a Groundwater Management Bulletin that was published by the City of Vancouver that provides rezoning and development permit applicants with information on the process and submission requirements related to groundwater management at development sites.

Have questions about possible unseen contamination? Contact Richard Bereti ([email protected]) or Una Radoja ([email protected]).

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Important Notice: The information contained in this Article is intended for general information purposes only and does not create a lawyer-client relationship. It is not intended as legal advice from Harper Grey LLP or the individual author(s), nor intended as a substitute for legal advice on any specific subject matter. Detailed legal counsel should be sought prior to undertaking any legal matter. The information contained in this Article is current to the last update and may change. Last Update: November 10, 2021.

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