In 2015, Environmental Liability Transfer (ELT) assumed responsibility for legacy environmental issues at a 425-acre retired steel mill in Claymont, DE. Today, the property is cleaner, safer, and just took a major step forward. 

Last week, the site received a $10 million federal TIGER grant toward a new transportation center, expected to "ignite growth in Claymont". 

CDC joined Gov. Jack Markell and US Senators Tom Carper and Chris Coons in Claymont last week to announce the grant and to celebrate the ongoing renewal of this important northeast brownfield site.

The former Evraz Steel Mill is currently being transformed into a development called "First State Crossing" - which includes a transportation center, a mix of offices, and a logistics center for container shipping. Local officials estimate that the project could bring in as many as 5,000 jobs to the area. Read More

In this Newsletter:

CDC Brownfield Takes Major Steps Forward

ELT Assumes Portfolio of Toxic Real Estate in Canada

Currently Seeking 
to Acquire
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Resources:

 



 
If environmental liabilities are impacting your operations, transactions, or balance sheet, please contact us. ELT can assume the liability (with or without real estate) and provide robust indemnification from all environmental obligations.

Additionally, ELT can leaseback real estate, acquire under-performing assets, and provide other innovative capital solutions.

Phone: (314) 835-2813


Highly-Capitalized Buyer 

Seeking to Acquire Environmental
Liabilities & Non-Core Assets

Complete "Walk Away" Solution

Over $1 Billion Acquired
 

Environmental Liability Transfer, Inc. has agreed to assume legacy environmental liabilities at 17-site portfolio from a company in the oil-services sector. ELT has taken ownership of the environmental liabilities, secured remediation with a fully-funded environmental trust, and provided a robust indemnification package to the Seller. The real estate assets were also purchased by ELT, at a price in excess of $10 million USD. The transaction was finalized in July 2016. 

"This transaction provided economic AND sustainability benefits to the Seller," said Tim Smith, Senior VP at ELT. "We removed the environmental risk from the corporate stakeholders and jumpstarted the environmental clean-up process at the same time. These brownfield sites are now on a pathway to environmental restoration - contamination will be abated, the environment will be restored, and the properties will be cleaned and repurposed for their highest and best use." 


Complete "Walk Away" from Environmental Risk

We have found that a brownfield site will remain in a perpetual state of decay until engaged by an outside catalyst. CDC, ELT, and EAG can jumpstart environmentally-distressed properties by providing a fresh infusion of capital, a legal transfer of environmental risk, a fully-funded clean-up plan, and a fresh vision for redevelopment.
  • Real Estate Acquisition
  • Environmental Liability Transfers
  • Liability Transfers + Real Estate Acquisition
  • Sale Leaseback Options Available
  • Guaranteed Fixed Price Solution

About Our Group

CDC, ELT, and EAG comprise one of North America's fastest growing brownfield redevelopment and environmental clean-up and consulting firms. Our focus is finding win-win solutions to environmentally-impacted real estate and helping clients navigate the complexities of environmental liabilities within the areas of: real estate development, environmental liability transfers, strategic redevelopment planning, risk management, and environmental remediation. 

To learn more about our group, download our Brownfields Brochure or follow the Company links below.

Acquire Contaminated Real Estate
Transfer Environmental Risk
Clean to Regulatory Closure




Contact Us

For more information about anything in this newsletter or to schedule a confidential discussion regarding your environmental liabilities, please contact us. 

Phone: (314) 835-2813