Bellingham Waterfront Property

Farallon conducted a Phase I ESA for a property transaction involving a Bellingham waterfront industrial site with documented uses back to the 1880s. The property had been used most recently as a seafood processing facility, and previously for rail freight handling, cold storage, and lumber milling. Phase I findings indicated the potential presence of petroleum impacts along a buried fuel pipeline corridor on the property. During a Phase II subsurface investigation conducted to meet the requirements of the lending institution financing the property purchase, petroleum contamination was discovered, apparently resulting from an undocumented UST formerly located beneath a recently constructed building. Findings from the supplemental Phase II assessment conducted to delineate the extent of petroleum-hydrocarbon impacts were used to develop cleanup cost estimates for the lender.