In addition, real estate negotiations are still pending and efforts to reduce long-term risks by all parties are still being negotiated. All sides remain optimistic at this time, according to Severn. Currently, Exponent teams are working on brownfield and contaminated property redevelopment projects throughout the U.S. Projects in Bremerton and Everett, as well as Massachusetts and Missouri are currently underway. In those states, Exponent advisors are assisting public and private clients with merger and acquisition work, property valuations, redevelopment and sales as well as basic clean-up and reuse of contaminated properties, and even development of a new city park. Along these same lines, Exponent is also joining many development teams that are performing economic assessments and redevelopment strategies for earthquake-damaged commercial and industrial buildings.
Scenarios range from repair to total demolition and site redevelopment.
New opportunities for brownfield and other damaged property restoration appear to be abundant. This is just another example of what can happen when a strong economy and entrepreneurial creativity come together. Candice Douglass is marketing manager for Exponent Inc., a Menlo Park, Calif.-based engineering and science consulting firm with a local office in Bellevue.