Ex-Owners Not Eligible For Brownfield Grants: NJ Court

Law360, New York (July 16, 2010, 3:44 PM EDT) -- The New Jersey Supreme Court has ruled that a polluted property’s former owner, TAC Associates, is not eligible for a so-called innocent party grant to aid in cleanup efforts because it sold the site before applying for funds.

In a split decision, a majority in the New Jersey Supreme Court issued a decision Thursday reversing a ruling in TAC’s favor by a state appeals court and reinstating the New Jersey Department of Environmental Protection’s denial of the grant.

The court found that the state Brownfield and...
To view the full article, register now.