New Jersey’s history as an industrial center has left a legacy of liabilities for real estate owners and developers. As a result, buyers and sellers of a wide range of properties encounter serious environmental concerns, from leaking underground storage tanks to buried industrial waste, poor quality fill material, improper handling of hazardous materials, historic PCB usage and spills. The volume of contaminated sites coupled with increased demand for efficient cleanup has led to sweeping changes in the way site remediation is handled throughout the state. The Site Remediation Reform Act (SRRA), which went into effect in 2009, shifted the responsibility for initiating and completing most remediation projects from the New Jersey Department of Environmental Protection (NJDEP) to private sector Licensed Site Remediation Professionals (LSRPs). According to Michael Novak, LSRP and President of Atlantic Environmental Solutions Inc. (AESI), a Hoboken-based environmental remediation and consulting firm, “Since the LSRP program was fully launched in May 2012, more contaminated sites across the state are being cleaned up and returned to quality, productive use faster than ever before.”
Atlantic Environmental Solutions Inc.