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re: MT Shark Tank - Undeveloping Commercial/Residential Properties

Posted on 4/29/24 at 2:13 pm to
Posted by turkish
Member since Aug 2016
1799 posts
Posted on 4/29/24 at 2:13 pm to
You said restore to a natural state. What do you mean? If the highest and best use of this real estate is commercial property, why go to the trouble to plant native plants? Who buys a block of young forest among buildings? What could they do with it? What value does it have?

Industrial reclamation likely has pollution, contamination issues that you’d never want to touch, literally or figuratively.
Posted by RickAstley
Reno, Nevada
Member since May 2011
2004 posts
Posted on 4/29/24 at 8:51 pm to
quote:

You said restore to a natural state. What do you mean?


The location to me would drive the type of restoration work. If the location was in an area where redevelopment was likely, the main effort would be property cleanup and property turn over. If redevelopment is not likely in the near-term, I'd look at replanting it with native plants and leaving it alone. I know this is pretty simplistic when there are a lot more factors involved.

quote:

Industrial reclamation likely has pollution, contamination issues that you’d never want to touch, literally or figuratively.


This is one of the reasons I posted this thread. I wasn't even thinking about contaminated sites and you're right, probably not anything I want to ever be involved with.
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