Private Project Experience
Reuse Assessment to Facilitate Regulatory Process, Ohio
Vita Nuova was retained by the PRPs at a former waste disposal operation located in a desirable section in Ohio. The 54-acre parcel was the subject of numerous environmental orders and counsel sought to expedite the regulatory process by demonstrating the economic value of the property.
Vita Nuova analyzed the current real estate market of this highly industrialized area and assessed the potential for redevelopment of this underutilized property. Vita Nuova identified opportunities in the commercial and industrial real estate market and demonstrated the site’s viability to attract interested developers.
The proposed reuse included the potential economic benefits of reuse, including the number of potential new jobs, as well as improved land values and potential tax revenues. Vita Nuova completed the Market Analysis and Concept Plan within 10 days of notice-to-proceed in preparation for a presentation to the Governor of Ohio.
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