Appraising CT Contaminated Properties: Valuation Impacts Under the New Release Based System
The Chapter will host a two-hour continuing education program at the University of Connecticut, Storrs, CT on March 5th followed by a networking reception and hockey game.
Topics of Discussion to Include:
Changes to the Transfer Act law to a release-based system and its impacts on environmental contamination and affected real estate industries
What are the changes?
Why the changes and how will this impact CT?
Intersection of Appraisal Valuation and Environmental Risk
USPAP Advisory Opinion 9
The Appraisal of Real Property That May Be Impacted By Environmental Contamination
What does it say?
What does it mean?
Examples / Case Studies 4 Primary Asset Types
Industrial
Retail
Office
Multi-family
Other Property Types and Scenarios
Redevelopment Sites
C-stores/ Gas Stations
Areawide Designated Areas of Impact
Emerging Contaminants
Panelists: Binu Chandy, Executive Director, Office of Community Development CT Department of Economic and Community Development; Claire Quinn, Supervising Environmental Analyst CT Department of Energy & Environmental Protection; Michelle Gamache, MAI; and John Nitz, MAI
Moderator: Kristen Haseney, JD, Asst. Extension Professor, UConn Center for Real Estate and Urban Economic Studies - Dept. of Finance
Opportunity to network with Center for Real Estate and Urban Economic Studies Real Estate Society students and those currently taking the Appraisal Institute course.
Location: UConn Alumni Center Banquet Hall, 2384 Alumni Dr, Storrs, CT Fee: AI Member - $55 Non AI - $60 CE: 2 hours AI/State of CT RE Appraisal Commission Registration Deadline: March 2, 2026
