Suppose that Grayacre is a

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acre parcel of land that was originally owned by Fireside Industries and used as a tire manufacturing plant. The tire manufacturing process produced hazardous waste that was buried in a ditch on the property and filled in with topsoil. Eventually, Fireside abandoned the plant and sold the property to Retail Developer Corporation

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RDC

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$$which intended to develop the property for retail stores. As part of the requirements for financing the project, RDC engaged a certified environmental consultant, who reported that there was no evidence of contamination. One year later, the Environmental Protection Agency put Grayacre on the National Priorities List because of hazardous waste from the tire manufacturing process that was running from Grayacre's underground water source into a local stream.