Phase I, II environmental assessments & ISRP
My business partner and I are doing due diligence on an adaptive reuse project.
The building is an old industrial / manufacturing building that has been vacant for years. With zoning changes in the works for residential / commercial mixed use there is a big opportunity.
We will need to have an environmental assessment done. Hopefully just a phase I but don’t doubt a phase II will be needed.
When is the best time to apply for Industries Site Reuse Program? I’m presuming it’s only worth the paperwork and time if a Phase II is required.
Has anyone had experience with ‘Non Prejudicial Approval’ that allows you to start a project before approval and then go back to count the costs incurred?
Thank you!
-Taylor