January 16, 2017
Did you know that vapor intrusion is an environmental issue impacting property development? The U.S. Environmental Protection Agency (USEPA) and related state agencies continue to develop and refine vapor intrusion procedures. How and when you address vapor intrusion can have a significant impact on your bottom line. These tips will help minimize the risk:
Invest in Early, Accurate Detection
Vapor intrusion happens when volatile chemicals from soil or groundwater contamination migrate into nearby buildings. These vapors can come from places like dry cleaners, gas stations, or industrial facilities, and like radon can affect people who live or work in impacted buildings. Prioritize due diligence because waiting can drive up costs. In one recent case in the news, vapor mitigation systems had to be installed in more than 70 homes near a corporation in Wisconsin to mitigate vapor intrusion issues. Even a small error in the sampling technique can dramatically affect the results. So early, accurate detection is key before you buy or build.
Get to Know Your Options
Once assessed, developers have multiple options for saving time and money. For example, it is far more cost effective to incorporate vapor barriers or HVAC controls into building construction rather than to fix the problem after the fact.
Find a Partner Who Knows the Rules
In 2017, some state agencies will update their vapor intrusion guidance documents to include more details on requirements for remediation and redevelopment sites. These regulations are actively evolving, so it’s important to work with someone who knows the changes to regulatory requirements and how they apply to your specific property.
If you are buying or selling a property, it’s time to think about vapor intrusion. Even if a property doesn’t have a history of contamination, it may still be affected if a nearby property has soil or groundwater contamination.
Resources:
“Vapor Encroachment and Intrusion, What are the real estate risks?”
Journal of Property Management
Is Vapor Intrusion Threatening Your Site?
Public Works Magazine
Posted by Diane Samuels at 1:24 pm