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Greenfield Advisors has naturally been engrossed in the oil spill in the Gulf of Mexico. Rather than simply monitoring the news coverage, we're already examining these issues with an eye towards the future. For your reference please see: Our Latest Bi-Monthly Newsletter - written as these issues were first developing, it provides a good overview of the crisis from a real estate perspective. "All of us at Greenfield are sincerely concerned with the environmental tragedy in the Gulf of Mexico. We hope that a solution can be found soon to bring this oil spill to an end, so that a proper environmental remediation can begin. With that in mind, we know that there are some very real economic issues confronting the citizens in the region. Based on our 34 years of experience in these situations, including our work on the Exxon Valdez Oil Spill and other environmental damage matters, we can already see four areas which merit immediate investigation..." Our Working Paper on the spill - a white paper that is continually being developed as new information becomes available to us. "Most oil spill cases are fairly simple to evaluate from an economic damages perspective. Loss of property values, loss of use and enjoyment, tresspass and non-payment of underground rent, lost rents, and business losses are all fairly easy to appraise. The very size and scope of this situation, however, implies a much broader set of impacts than in previous cases." Do not hesitate to contact us if you have any questions or concerns about valuation issues resulting from the spill.
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