A Conference for Reviving Old Gas Station Sites

Seminars, exhibitors provide tools, knowledge for redevelopment

Published in CSP Daily News

A Conference for Reviving Old Gas Station Sites

MIAMI -- The New Life for Closed Gas Stations Conference and Exhibition will be held May 21-23, 2014, at the Hyatt Regency Grand Cypress in Orlando, Fla. This conference is a redevelopment symposium focused on buying, selling and leasing opportunities, lender requirements, financial incentives, environmental due-diligence strategies, remediation planning, construction design and budgeting, cleanup cost containment, legal liability reduction, and market trends, all as they relate to closed gas stations.

Typically, closed gas stations are located on corner properties at busy intersections, which are becoming increasingly valuable. There are significant environmental, technical, legal and financial challenges associated with redeveloping these properties. However, when they are understood and taken into account prior to land acquisition and construction, they can be managed.

Banks, pharmacies, grocery markets, affordable housing, restaurants, retail outlets, neighborhood parks and urgent care clinics are just some of the many uses for these key sites. Previously stigmatized by the fear of contamination, the true economic value of closed gas station sites is now commonly recognized.

Developers and cities with the sophistication and knowledge to effectively manage risk, limit liability and contain costs can turn wasted space into thriving economic centers. The New Life for Closed Gas Stations Conference and Exhibition is designed to benefit newcomers and veterans operating in this space. This conference will feature necessary tools, resources and data to make sound business, design, engineering, construction and transactional decisions.

"While it's not easy to repurpose a closed gas station into a vibrant new business, it is both possible and profitable," said Michael Goldstein, managing partner of the Goldstein Environmental Law Firm, "and it's happening all over the country in both urban and rural communities every single day."

Goldstein, based out of Miami and the founder and chairman of the New Life for Closed Gas Stations Conference and Exhibition, added, "The key to a successful outcome is understanding the federal, state and local regulatory requirements, following sound due-diligence practices, knowing where and how to look for support and funding, and properly integrating cleanup planning into construction.

More information about the conference is available at: http://www.ClosedGasStationConference.com.