Source: Great American Environmental Division, May 2013
Looking to expand their operations, a company purchased a large piece of property that seemed suitable for redevelopment. Prior to their purchase, the company went through all the proper due diligence including conducting a Phase I site assessment. Although the Phase I did not note any known contamination onsite, the company soon discovered petroleum contamination from an unknown heating oil tank as they began construction. As a result, construction halted as the company had to invest their time and additional money into remediating the contamination.