05-01-2016, 11:18 PM
(04-30-2016, 11:08 PM)tomh009 Wrote: OK, checking ... and it can be sold (sorry about the mistake). Basically the "original" owner is responsible for cleanup. So if you buy a property without mitigation, you would need to then go after the seller to cover the mitigation expenses -- a pretty risky proposition. So few buyers are willing to buy a gas station (for example) without a proper environmental assessment and mitigation.
This was a property owned by the Fackoury's way back into the 50s and may even still be owned by someone in the family.
Texaco was the oil wholesaler who would have owned the tanks in the ground. Texaco became part of Chevron and Shell took over as the franchisor. Back in 1989, Imperial Esso became the owner of Texaco Canada.
I think Fackoury stopped selling gasoline back in the 70's and so the remediation issue is likely a mess.