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ELT Assumes Environmental Liabilities at Retired GM Automotive Plant
(4.8 Million Sq/Ft), CDC Buys Assets
Environmental Liability Transfer, Inc. (ELT) has agreed to assume the environmental liabilities at the retired General Motors Assembly Plant in Janesville, Wisconsin. Real estate assets have been purchased by
Commercial Development Company, Inc. (CDC).
With 4.8 million sq/ft of buildings under roof, the "Janesville Assembly Plant" was once the largest General Motors automotive plant in the world.
CDC plans to invest significant resources to reposition the 250-acre industrial property for new utilization. Preliminary activity is expected to include asbestos abatement, demolition of some or all facilities, environmental remediation, and extensive redevelopment planning
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"Our team understands the historical significance behind this project and we are pleased to lead the redevelopment process. We are very impressed with Janesville's pro-growth leadership and look forward to working with them as well as Rock County and the State of Wisconsin to help create new growth opportunities," said Randall Jostes, CEO of Environmental Liability Transfer, Inc.
The Janesville Assembly Plant opened its doors on May 1, 1919. It was the oldest operating GM plant when it was largely idled in December 2008. The plant ceased all remaining production on April 23, 2009. The plant employed around 7,000 employees at its peak in 1970, and employed 1,200 when it ceased production in 2008.
Located on 250+/- contiguous acres, CDC believes the GM Janesville site represents a strategic opportunity for new manufacturing, warehousing, and logistics-related development activity. Throughout the reclamation process, CDC will be engaged in a global marketing campaign to find appropriate end users for this location.
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In this Newsletter
ELT Assumes Environmental Liabilities at Retired General Motors
Assembly Plant
Spring 2018 Conference Calendar
Seeking to Assume Environmental Liabilities
and/or Purchase Brownfield RE Assets
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Currently Seeking to Assume Environmental Liabilities and/or Purchase Retired Assets in All Industrial & Energy Sectors
If distressed real estate is impacting your operations, transactions, or balance sheet, please contact us for a no-cost site assessment.
ELT will consider acquiring real estate assets and environmental liabilities at all price points.
Phone: 314-835-2813
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Environmental Liability Transfers
Brownfield Real Estate Purchase
Liability Transfer + RE Purchase
Guaranteed Cost Certainty
Corporate Indemnification
Maximum Value For Retired Assets
Sustainable Redevelopment Planning
Preservation of Legacy & Brand
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2018 Trade Show & Meetings Calendar
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Our teams will be participating at multiple industry conferences in 2018. Our spring calendar is listed below. If you are attending any of these events, we would love to hear from you and find a time for introductions.
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January 25-26, 2018
New York, NY
with ELT Tour of Tanners Creek Project
January 29-30, 2018
Cincinnati, OH
March 19-22, 2018
Pittsburgh, PA
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April 10-12, 2018
Palm Springs, CA
April 11-12, 2018
Chicago, IL
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Commercial Development Company, Inc. (CDC), Environmental Liability Transfer, Inc. (ELT), and EnviroAnalytics Group LLC (EAG) comprise one of North America's most impactful brownfield redevelopment and environmental remediation and consulting firms. Our focus is finding win-win solutions to environmentally-impacted real estate and helping clients navigate the complexities of environmental liabilities within the areas of real estate development, environmental liability transfers, sustainable redevelopment planning, risk management, and environmental remediation.
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Purchase & Develop Real Estate
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Assume Environmental Liabilities
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Environmental Remediation
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Contact Us
For more information about anything in this newsletter or to schedule a confidential discussion regarding your environmental liabilities, please contact us.
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