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Going Beyond the Phase I Environmental Site Assessment

Howard E. Nelson & Cristina Arana Lumpkin

Most homebuilders know they should conduct a Phase I Environmental Site Assessment prior to purchasing land for residential development. A good Phase I report can uncover potential problems relating to a site’s use and history. As we discuss in this article in the Daily Business Review, in some circumstances, a Phase I may not be enough to apprise a prospective purchaser of hidden issues.

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