Key Takeaways
- The mitigation spectrum ranges from full remediation (most certain) to monitoring (least expensive).
- The five-question risk acceptance framework determines whether residual risk is manageable and priced appropriately.
- Environmental insurance can transfer quantified residual risk to an insurer for $2,500-$10,000/year.
- Brownfield properties offer acquisition discounts, tax incentives, and EPA grants for investors with specialized expertise.
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Test Your Knowledge
1.What is the spectrum of environmental mitigation strategies?
2.What makes brownfield properties potentially attractive investments?
3.How should the risk acceptance decision be documented?