Under New York's Environmental Conservation Law, what is the definition of a "brownfield site"?
Correct Answer
B) Any property where redevelopment may be complicated by actual or perceived environmental contamination
New York's Environmental Conservation Law defines a brownfield site as any real property where redevelopment or reuse may be complicated by the presence or potential presence of a contaminant. This definition encompasses both actual and perceived contamination issues.
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Previous Question
A New York listing agent learns that the seller's property was previously used as a dry cleaning facility and may have soil contamination from perchloroethylene (PCE). The seller has enrolled the property in New York's Brownfield Cleanup Program. What disclosure obligations does the listing agent have?
Next Question
A buyer's agent in New York discovers that their client's target property has an underground storage tank (UST) that was registered with the New York Department of Environmental Conservation. The tank was properly closed in place five years ago. What should the agent advise the buyer?