The ecological health of Barnegat Bay is in decline, mostly resulting from human activities. Since Barnegat Bay is a key feature of the shore experience in central New Jersey, the impact to its aesthetic, economic and recreational values threatens the economic health of the region. In December 2010, the New Jersey Legislature enacted three statutes
Gordon C. Duus
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Incentives Drive Expanded Use of Solar Energy in New Jersey
By Catherine E. Bostock & Gordon C. Duus on
Posted in Renewable Energy
The growth of New Jersey’s solar industry has been driven by an ambitious requirement that increasing percentages of the regulated power suppliers’ energy come from renewable energy sources, favorable financial incentives and favorable regulatory provisions such as net metering rules. In order to determine the economic viability of a solar project and the return on…
Guaranteed Cleanup Cost Contracts: A Keystone for Contaminated Property Deals
By Gordon C. Duus on
Often the hardest issue to negotiate in a real estate transaction involving a contaminated property is which of the parties has to pay if the actual environmental cleanup costs are much higher than the estimate used by the parties when they negotiated the deal terms. Many deals used to die over this issue either because…