An investor purchases a commercial building in downtown Phoenix which was built in 1925 and previously used
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An investor purchases a commercial building in downtown Phoenix which was built in 1925 and previously used as a steel factory until its closure in 1965. The city has given the investor large tax incentives to rehabilitate the building knowing the removal of lead-based paint and asbestos could be costly. The investor accepts the tax incentives and agrees to remove the hazardous materials properly. After further review of the cost involved to remove the lead-based paint and asbestos, the investor decides to cut costs and have the removal performed by a nonlicensed person and informs them to "just dump it in the desert by the Gila River."
Related Book For
Business Law The Ethical Global and E-Commerce Environment
ISBN: 978-0071317658
15th edition
Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt
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