Features of the Liability Transfer Program

IRG contractually assumes environmental liability for known and unknown pollution conditions, including both on-site and off-site liabilities, and other business related liabilities.  IRG provides an indemnity backed by capital and insurance, and will manage the appropriate business related close-out, if necessary and the completion of the environmental clean-up activities to achieve regulatory closure.  A third-party trustee may be retained to establish separate accounts for the liability assumption and monitor payments from those accounts.

This unique tool effectively separates the land from the associated environmental liability, allowing the asset to be valued as clean.  

Related Transactions

Lowry II - Former Air Force Base Assistant Secretary Nelson F. Gibbs recently commented on International Risk Group's privatization of Lowry AFB.
Lowry I - Former Air Force Base International Risk Group, LLC, announces a national first - the privatization of the remaining environmental liability at the former Lowry Air Force Base.
Downey Industrial Plant International Risk Group announces a national first - the privatization of the environmental liability at the former National Aeronautics and Space Administration Industrial Plant in Downey, CA.