Don Shitstain Jr. May Be On Hook For Cleanup Of Contaminated SC Property He Ran Into The Ground
An attempt by the Trump Organization to limit its liabilities at a polluted site in South Carolina once owned by President Trump’s oldest son may have just hit a wall. The issue involves a company called Titan Atlas Manufacturing that Donald Trump Jr. helped to start in 2010 in North Charleston and that failed two years later.
In 2014, Donald J. Trump, while he was still running the Trump Organization, bailed out his son from the business misadventure by creating an entity called D B Pace. The new company took over a $3.65 million bank loan that had used the six-acre Titan Atlas site as collateral, and it eventually took ownership of the property itself.
Last year, D B Pace also applied to take part in a program offered by the State of South Carolina that would limit its liabilities for pollution on the property, like chemical contamination of groundwater. To qualify for such protections, however, the buyer of a contaminated property must not be affiliated with a former owner or have had earlier involvement with the site. A Trump Organization lawyer, Michael Cohen, said last year that D B Pace’s application met that standard because D B Pace had no ties to Titan Atlas and had never been involved in the management of the North Charleston property.
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If the application is approved, the cost to D B Pace would probably be minimal because its environmental obligations would be limited to controlling the spread of existing pollution on the property. But if regulators reject the application, D B Pace could be legally responsible for pollution at the site caused by Titan Atlas, and costs could mount into the millions of dollars. The company produced cast panels for prefabricated houses, and the property is now littered with decaying structures and rusting industrial drums.
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https://www.nytimes.com/2017/01/31/business/charleston-sc-titan-atlas-manufacturing.html?_r=0