Hemisphere: Services: Brownfield Consulting Services

Hemisphere Development LLC | Consulting

Brownfield Consulting Services (Hemisphere Advisors LLC)
In limited circumstances, on significant engagements, Hemisphere Advisors, Hemisphere’s brownfield consulting affiliate, partners with property owners, municipalities and other stakeholders to deliver critical leadership and business advice in structuring the optimal brownfields redevelopment strategy. Hemisphere’s expertise and unparalleled practical experience provides valuable insight “from the trenches” in anticipating and overcoming obstacles typically associated with brownfield transactions.

In a typical engagement, Hemisphere Advisors will serve in the following capacities:

BROWNFIELD REDEVELOPMENT TEAM LEADER. We can act as “Team Leader” and provide all project management and leadership for issues related to the redevelopment of the Site. Hemisphere Advisors will participate in all project meetings, as appropriate, including meetings and interface with federal, state and local regulatory agencies, technical support meetings, and public meetings, as reasonably required. Our services include, at minimum:

• Master Plan Development. Develop a Master Redevelopment Plan for the Site, taking into consideration all factors impacting the Site. The Master Redevelopment Plan will, if necessary, separate the Site into development phases and identify logical project areas to submit for brownfield funds, as described below.

• Political Action Plan. Develop and execute a comprehensive political strategy for executing the proposed redevelopment.

• Coordinate Site Development Activities With Other Professionals. Coordinate and meet with consultants, engineers, attorneys, architects and other relevant parties to address Site development issues due to the “brownfield” characteristics of the Site.

• Coordinate Project Financing. Structure and place all levels of government and private financing to facilitate the redevelopment. Through the financing analysis, we will investigate the availability of and apply for appropriate Brownfield funds from state, local and federal sources to help achieve site redevelopment.

• Coordinate Environmental Investigation/Remediation. Advise and coordinate all environmental consultants and contractors during the performance of environmental investigation and remedial activities required at the Site.

• Manage Relationships With Regulatory Authorities. Coordinate with appropriate regulatory authorities at the local, state and (if necessary) federal levels regarding redevelopment matters to minimize regulatory interference and risk for the redevelopment of the Site.

• Procure Regulatory Assurances. Coordinate the pursuit of appropriate assurances (i.e. a Covenant Not To Sue) from federal, state and local regulatory agencies regarding conditions at the Site, if available and as necessary.

• Manuscript Environmental Insurance. Investigate appropriate environmental insurance vehicles for the Site from major insurance carriers, including property transfer liability coverage, remediation guarantee insurance, contractor “wrap-up policies,” and pollution legal liability coverage, as requested by our clients. Through Hemisphere’s deep relationships in the environmental insurance industry, we have placed well over $100 million in environmental insurance coverage to facilitate our transactions.

• Public/Community Relations. Assist in managing public/community relations issues relating to the redevelopment of the Site and communications with relevant governmental authorities and other stakeholders, as necessary to redevelop the Site. Coordinate and conduct all public meetings required in connection with the development.

Our involvement has saved our clients millions of dollars in proposed environmental consulting fees and remediation costs and enabled the sale and lease of many previously “unmarketable” facilities.