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Early Transfer
Quicker Beneficial Reuse and Cost and Schedule Savings Through Early Transfer (ET)
WESTON serves as both developer and remediation
contractor to effect Early Transfer (ET) of government properties
at substantial cost and schedule savings. We partner with Local
Redevelopment Authorities (LRAs) or developers to facilitate FOSET,
or Finding of Suitability for Early Transfer, to reduce potential
O&M costs, accelerate remedial activities, and optimize redevelopment
value. As a remediation contractor, WESTON can also assume environmental
liability and responsibility for natural resource damages (NRDs).
Through Environmental Services Cooperative
Agreement (ESCA) funds, WESTON contracts with the LRA or developer
to perform remediation and cleanup activities for a fixed price.
We then secure dual-structure insurance from top industry providers
to protect our clients from liabilities associated with both known
and unknown site conditions. We secure cost cap insurance to cover
known site conditions—greater-than-expected contamination, changes in regulations, and cost overruns—and environmental liability insurance to cover unknown factors, such as newly discovered conditions, third-party liability/diminution of value, and off-site contamination.
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The former Mare Island Shipyard in Vallejo, California closed in 1996 as a result of Base Realignment and Closure (BRAC). WESTON entered a public-private partnership to expedite the early transfer of more than 2,800 acres. Read on... |
| WESTON assisted the Army with an early transfer and will subsequently remediate approximately 3,500-acres of former training and range lands at Fort Ord in Monterey County, California. This site is highly contaminated with munitions and explosives of concern. Read on... |
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Benefits of WESTON’s Early Transfer Services:
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Limited future liability.
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Assumption of cleanup and closure obligations.
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Reduced cost by integrating redevelopment with remediation and land-use controls.
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Expedited beneficial reuse.
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Delisting of reversionary lands.
- Expedited community, recreational, and industrial redevelopment.
Dodd-Frank Act Statement
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