Real estate group lauds dropping of watershed suit
A commercial real estate group on Thursday applauded the decision by two environmental groups to drop a lawsuit against the Environmental Protection Agency.
NAIOP Massachusetts reported that the Conservation Law Foundation and the Charles River Watershed Association had "voluntarily dismissed the lawsuit without prejudice," noting the plaintiffs had sought to compel the EPA to impose a new program requiring certain property owners in the Charles River watershed to apply for a storm water discharge permit.
NAOIP had filed a motion to intervene in the case and the organization warned of a "duplicative and burdensome" regulatory program under the EPA's Residual Designation Authority (RDA). "NAIOP has long supported the overall objective of improving water quality throughout the Charles River Watershed, but with compliance costs estimated to be in excess of $1 billion, the RDA approach is simply not the right tool," NAIOP Massachusetts CEO David Begelfer said in a statement Thursday.
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