The site is located in Millville, Kentucky and was developed in 1887 by Colonel E.H. Taylor. Until site closure in the mid-1970’s, the site was utilized for bourbon distillation and warehousing operations. The property ownership changed hands multiple times during the 80’s & 90’s until finally being abandoned in early 2000. Petroleum storage tanks had been installed at the site for filling company vehicles and many of the buildings contained asbestos and lead-based paint. Large PCB-containing transformers had also been utilized on the property. Over time, many of the buildings had deteriorated to a state where demolition was required. Shield was retained to provide pre-purchase due diligence services.
Brownfield Redevelopment Site
Castle & Key Distillery
Phase I & II Environmental Site Assessments
Hazardous Building Material Assessment
Property Management Plan
Brownfield Redevelopment Application
On behalf of Peristyle, Shield prepared a comprehensive Property Management Plan to prevent unintended exposures of the known constituents of concern. Shield also prepared a Brownfield Redevelopment Application package, resulting in the issuance of a Letter of Concurrence protecting Peristyle from historical liabilities associated with the site. Shield also negotiated with the KDWM to obtain a state tax credit for Peristyle through Kentucky’s VERP program in the amount of $150,000. All work was conducted on time and within the approved budget of $25,000.