BOMA International Applauds the Senate's Passage of Brownfields Cleanup Legislation S. 350

Apr 25, 2001, 01:00 ET from Building Owners and Managers Association International

    WASHINGTON, April 25 /PRNewswire/ -- The Building Owners and Managers
 Association (BOMA) International, the commercial real estate industry's
 leading advocate, commends the U.S. Senate for its passage of brownfields
 remediation legislation S. 350.  The Senate overwhelmingly approved the bill
 on April 25, 2001, by a vote of 99 to 0.
     "Private sector involvement in brownfields has been stymied for too long
 by the unintended consequences of Superfund law.  By providing liability
 protection for blameless parties, such as prospective purchasers, innocent
 landowners and contiguous property holders, Congress can remove a tremendous
 disincentive for redeveloping brownfields," said BOMA President Richard D.
 Baier, managing director of CB Richard Ellis in Kansas City, Mo.  "Commercial
 real estate professionals nationwide appreciate the Senate's remarkable effort
 to craft a bipartisan solution to America's brownfields problem."
     Entitled the Brownfields Revitalization and Environmental Restoration Act
 of 2001, the legislation attempts to speed the cleanup of lesser-contaminated
 sites, commonly known as brownfields, by both the public and private sectors.
 Introduced by a bipartisan collection of senators, through the leadership of
 Senators Chafee (R-RI), Smith (R-NH), Reid (D-NV) and Boxer (D-CA), the bill
 seeks greater private sector involvement by providing liability protection for
 prospective purchasers, innocent landowners and contiguous property holders.
 Additionally, it would increase federal brownfields remediation funding and
 would allow states to assume greater cleanup responsibilities.
     The bill has enjoyed substantial bipartisan support in the Senate and was
 forwarded out of the committee of jurisdiction, the Environment and Public
 Works Committee, by a 15-3 vote.  At the time of its consideration by the full
 Senate, it had 69 cosponsors.
     BOMA International is thankful for the work of both Republicans and
 Democrats in addressing America's contaminated site problems.  As the House of
 Representatives begins to debate this issue, building owners and property
 managers ask for the House's support in passing brownfields remediation
 legislation this session.
 
     Founded in 1907, the Building Owners and Managers Association (BOMA)
 International is a dynamic international federation of 106 local associations.
 BOMA International's 18,000-plus members own or manage more than 8.5 billion
 square feet of downtown and suburban commercial properties and facilities in
 North America and abroad. The mission of BOMA International is to advance the
 performance of commercial real estate through advocacy, professional
 competency, standards and research.  For more information, visit the BOMA
 International Web site at http://www.boma.org .
 
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SOURCE Building Owners and Managers Association International
    WASHINGTON, April 25 /PRNewswire/ -- The Building Owners and Managers
 Association (BOMA) International, the commercial real estate industry's
 leading advocate, commends the U.S. Senate for its passage of brownfields
 remediation legislation S. 350.  The Senate overwhelmingly approved the bill
 on April 25, 2001, by a vote of 99 to 0.
     "Private sector involvement in brownfields has been stymied for too long
 by the unintended consequences of Superfund law.  By providing liability
 protection for blameless parties, such as prospective purchasers, innocent
 landowners and contiguous property holders, Congress can remove a tremendous
 disincentive for redeveloping brownfields," said BOMA President Richard D.
 Baier, managing director of CB Richard Ellis in Kansas City, Mo.  "Commercial
 real estate professionals nationwide appreciate the Senate's remarkable effort
 to craft a bipartisan solution to America's brownfields problem."
     Entitled the Brownfields Revitalization and Environmental Restoration Act
 of 2001, the legislation attempts to speed the cleanup of lesser-contaminated
 sites, commonly known as brownfields, by both the public and private sectors.
 Introduced by a bipartisan collection of senators, through the leadership of
 Senators Chafee (R-RI), Smith (R-NH), Reid (D-NV) and Boxer (D-CA), the bill
 seeks greater private sector involvement by providing liability protection for
 prospective purchasers, innocent landowners and contiguous property holders.
 Additionally, it would increase federal brownfields remediation funding and
 would allow states to assume greater cleanup responsibilities.
     The bill has enjoyed substantial bipartisan support in the Senate and was
 forwarded out of the committee of jurisdiction, the Environment and Public
 Works Committee, by a 15-3 vote.  At the time of its consideration by the full
 Senate, it had 69 cosponsors.
     BOMA International is thankful for the work of both Republicans and
 Democrats in addressing America's contaminated site problems.  As the House of
 Representatives begins to debate this issue, building owners and property
 managers ask for the House's support in passing brownfields remediation
 legislation this session.
 
     Founded in 1907, the Building Owners and Managers Association (BOMA)
 International is a dynamic international federation of 106 local associations.
 BOMA International's 18,000-plus members own or manage more than 8.5 billion
 square feet of downtown and suburban commercial properties and facilities in
 North America and abroad. The mission of BOMA International is to advance the
 performance of commercial real estate through advocacy, professional
 competency, standards and research.  For more information, visit the BOMA
 International Web site at http://www.boma.org .
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X51942394
 
 SOURCE  Building Owners and Managers Association International