Property Buyer, Beware! (Unless You Have an E.S.A.)

Imagine that a local youth organization has construction plans for an unoccupied portion of the property they’ve owned for over fifty years. When the organization approaches the bank to refinance the property, instead of being granted funds to complete the construction, they discover that the soil and/or groundwater is potentially contaminated. Plans for their new activity center and playground are put on hold when they find themselves entangled in the costly activities of further investigation and potential remediation.