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Private Sector Success Story

Embry-Riddle Aeronautical University

Research & Technology Park

Michael Sznapstajler

Cobb Cole

Mszna@cobbcole.com

386-323-9222

Overview

• Concept & Location of the Development

• Environmental Issues

• Solution & Regulatory Closure

• Continued Developments & Recent

Success

Embry-Riddle Aeronautical

University

• Worldwide leader in aerospace and aviation education

• Residential campuses in Daytona Beach, Florida and

Prescott, Arizona

• Worldwide campus programs at more than 150 locations

• Combined annual enrollment for all campuses is over

33,000 students

Concept for the Research &

Technology Park

• Attract aerospace, aviation and information technology companies that benefit from testing new ideas and inventions

• Provide access to labs and test equipment, test aircraft and simulators, and a university full of experienced aerospace and aviation researchers

• House ongoing University projects involving new concepts

Airport

ERAU Campus

ERAU Tech Park

Speedway

Vicinity Map

Development Plan

• Develop approximately 77 acres of

historically undeveloped property

– 595,000 sq. ft. of building space

• 535,000 sq. ft. of research and development space

• 60,000 sq. ft. of office space

– Uses must relate to aeronautical and

aerospace research and development

– Create approximately 2,000 new jobs

Conceptual Master Plan

Vicinity Map with Conceptual

Master Plan

Environmental Issue

• Phase I ESA – Property undeveloped

– Identified adjoining and nearby properties as recognized environmental conditions

– Adjoining property current landfill and former United States Navy dumping trench

– Nearby property school bus maintenance yard

• Phase II ESA – Soil samples contained arsenic concentrations in excess of

residential SCTLs

– Pattern of results and concentrations indicated that presence of arsenic did not result from release of contaminant

– Historical data did not identify activity that would lead to release of arsenic at the property

The Solution

• The Florida Brownfields Redevelopment Program

• Property located in City of Daytona Beach’s AERO Research Park Brownfield Area

• Benefits – Liability Protection

– Voluntary Cleanup Tax Credit

– Expedited Technical Review

– Schedule/Framework to Address Issues

– Regulatory Closure

– Job Bonus Refund

Environmental Activities

• Brownfield Site Rehabilitation Agreement

• Arsenic Assessment – Soil and groundwater sampling

– Grading Plan for proposed development

• Technical Argument – Arsenic was naturally occurring

• Correlation between soil impacts and lithology (15-25 ft msl)

• Soil impacts were not encountered at or near ground surface

• Concentrations were relatively low and not continuous

• Groundwater was not impacted

• Undeveloped property with no historic activity identified

• SRCO without conditions received in March 2010

Continued Success

• Featured in FDEP’s Brownfields Annual Report

• Larsen Motorsports

– Professional racing organization

– Developing turbine-powered vehicles

• Grant of $8.9 million dollars

– Used for initial site development

• Major announcements scheduled for November

– Larsen Motorsports to unveil new jet dragster

– Partnering with an aerospace and aviation company

Michael Sznapstajler

Cobb Cole

Mszna@cobbcole.com

386-323-9222