What happened:
• Gill Street Park built on a historic landfill
• Soil testing revealed lead above state standards
• One of 30+ similar sites in Wake County
CRE takeaway:
• Environmental due diligence is critical—especially on older sites
• Legacy land use can create unexpected liability and remediation costs
• Limited regulatory communication increases risk for owners and municipalities
Bottom line: what’s underground can materially impact value, safety, and long-term feasibility.
