complex valuation

A DAMAGED CUBAN CHURCH SITS ON TOP-QUALITY TOURISM REAL ESTATE

VINEYARD DEVELOPER FACES FINE FOR ALLEGED ENVIRONMENTAL DAMAGE

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Hugh Reimers and Krasilsa Pacific Farms are facing a $3.75 million state fine for allegedly removing trees and destroying a small wetland on land east of Cloverdale, California. On May 9th, a complaint filed by the Water Board accused Reimers and Krasilsa Pacific Farms of also failing to abide by a 2019 cleanup and abatement order, which required them to restore the streams and wetlands. The Water Board will hold a public hearing in the first week of August on whether to approve the proposed fine.

LINCOLN HEIGHTS APARTMENT PROJECT UNCOVERS CONTAMINATED GROUNDS

Number of Barrels in DDT Dump Site Is Much Larger Than Scientists Expected

G.R. Sylva | Underwater view of two Navy divers. | https://picryl.com/media/underwater-view-of-two-navy-divers-working-to-raise-the-submarine-ex-uss-bluegill-636991 | No known copyright restrictions | https://catalog.archives.gov/

Researchers compared the number of barrels lying 3,000 feet under the surface of the ocean to stars in the Milky Way. The research crew documenting the dumpsite off the coast of Santa Catalina Island in California used sonar images to gather information on the dumpsite that turned out to be much larger than expected. 

It is estimated that as many as half a million barrels might be underwater according to records and a recent UC Santa Barbara Study. The area is known to be a DDT dumpsite.

The findings were shared in April 2021 in a U.S. congressional briefing led by Sen. Dianne Feinstein (D-Calif.), who said she plans to find out if the companies that dumped the waste can be held accountable.

Louisiana Ruling States That Legal Fees Must be Paid by Pipeline Company

The Louisiana state Constitution states that landowners who lose property from eminent domain must be fully compensated, and a ruling from the Supreme Court now says that compensation includes paying for the landowner’s attorney and legal fees.

The ruling comes from a dispute over the Bayou Bridge Pipeline being built through landowners’ property. In 2018 the company was sued for building the 163-mile pipeline through a 38-acre piece of land in St. Martin Parish without paying landowners compensation for the land taken.  Bayou Bridge Pipeline LLC, the company building the pipeline, has already paid around $30,000 in damages to landowners and now must pay more money to landowners to cover legal fees.

This ruling is the first time the state’s high court has held that the Constitution permits litigation and attorney costs as an element of just compensation to landowners in eminent domain proceedings.

One Year After the Atlantic Richfield Company v. Christian Ruling

Bureau of Land Management | Bureau of Land Management | https://picryl.com/media/-conservationlands15-social-media-takeover-may-15th-blm-montana-and-partners-3b023e | Public Domain Creative Commons License | http://commons.wikimedia.org/

One year after the ruling in which 98 Montana landowners within the boundary of a Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”) Superfund site, sought compensation in state court relating to pollution damage to their properties.

Part of the damages sought were “restoration” damages which were intended to completely restore properties to the condition prior to contamination. Montana is the only state that recognizes restoration damages.

The Supreme Court of Montana restated that the United States Supreme Court’s ruling that Atlantic Richfield may be liable for the landowners’ remediation beyond what is required under CERCLA; however, the landowners need to obtain EPA approval for the remedial work. All further work that Atlantic Richfield may be liable for needs to be authorized by the EPA.

This ruling potentially broadens the ability to challenge an EPA clean-up and it defined the scope of federal jurisdiction under CERCLA.

Homeowners Win Lawsuit Over Property Damage From Japanese Knotweed

Residents in Carmarthenshire, England won £42,500 in compensations for damages from Japanese Knotweed, an invasive plant known for causing structural damages by growing into cracks and joints of drain pipes.

Residents reached out to the Network Rail years ago when they noticed the plants, but the company was not responsive to them. Residents sued the Network Rail for the encroachment of the invasive plant on their properties. Joann Cameron, a litigation executive at High Street Solicitors stated that: “Japanese Knotweed can cause damage to a property dependent upon how severe it is.”

$11.9 Million Settlement Reached in Parchment, Michigan Drinking Water Lawsuit

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In November 2018, a complaint was filed against 3M and Georgia-Pacific. The complaint claimed PFAS chemicals had migrated into the Parchment, Michigan drinking water supply from a former paper mill and its associated facilities. The complaint sought monetary damages for diminished property value, property damage, interference with use and enjoyment of property, stigma damages, and medical monitoring from exposure to PFAS.

A settlement of $11.9 million was reached in April 2021. The settlement class included anyone who owned, leased, rented, or resided in homes or residential properties serviced by the Parchment water system as of July 26, 2018, but has not brought individual actions for illness or personal injury based on PFAS exposure.

The Pollution Plumes of the North Pole

Matti&Keti | North Pole, Arctic Ocean, sea ice | https://commons.wikimedia.org/wiki/File:North_Pole,_Arctic_Ocean,_sea_ice_04.jpg | Creative Commons Attribution-Share Alike 4.0 International license. | https://creativecommons.org/licenses/by-sa/4.0/deed.en

On April 19, 2021, an oil refining chemical infiltrated the water of a small Alaskan town. A chemical solvent called sulfolane had spilled, contaminating the groundwater.

Sulfolane is an industrial solvent used in more than 150 locations around the world, including refineries in California, Texas, and Puerto Rico. Its human health impacts are not yet well-studied. In limited animal studies high exposures has caused hyperactivity and convulsions, developmental and reproductive problems, and death.

Linda Brown’s family finished drilling a water well, four days later they turned on the evening news to see images of an oil refinery a mile from their trailer. The Brown’s water was later tested, indicating 283 parts per billion (ppb) of sulfolane, well above the Environmental Protection Agency's (EPA) regional screening level of 20 ppb.

Luxury Condo Building Flooded in Vancouver

Guilhem Vellut from Vancouver, Canada | Downtown Vancouver July 2011 | https://commons.wikimedia.org/wiki/File:Downtown_Vancouver_July_2011.jpg | Creative Commons Attribution 2.0 Generic license. | https://en.wikipedia.org/wiki/Creative_Commons

On April 15, 2021 water from an upper floor of a luxury condo building called the Vancouver House, in Vancouver, British Columbia, flooded and left the elevators inoperable. The developer stated that the cause of the water leak was a gasket failure and plans have been made to replace all gaskets of the model that failed. Damages to the units are being assessed to determine if residents have to move out for the repairs to be completed.

Record Rains Cause Flash Flooding in Tennessee

This image is from the FEMA Photo Library | Aerial of Flooding in Tennessee | https://garystockbridge617.getarchive.net/amp/media/fema-43944-aerial-of-flooding-in-tennessee-786307 | Public Domain | http://commons.wikimedia.org/

On March 28, 2021, torrential rains across Tennessee flooded homes and at least one church. A portion of Interstate 40 was temporarily shut down due to high water and first responders also told drivers to avoid part of I-24 south of Nashville.

Over 34 swift water rescues were carried out and as many as 18 homes in one neighborhood had to be evacuated. Three men and one woman have been found dead.

While there was no longer any precipitation falling, flooding remained a threat as authorities expect rivers to continue to rise.