Since the implementation of SRRA, the pace of obtaining ISRA approvals and final approvals (RAO) for current remediation cases has significantly quickened. During the last several months, many of my clients have obtained ISRA approvals in transactions (some “easy” cases, others more difficult) in a fraction of the time they thought possible. Additionally, many clients with long “open” UST and/or site remediation cases are now “opting” into the LSRP program with the hopes of securing a RAO in short order.
So far SRRA is working well: transactions are closing faster, “open” cases are getting “closed”, and the many long standing contaminated sites in New Jersey are finally being remediated.