City Council Picks Up Asbestos Abatement Tab

An old Phillips 66 filling station in Kilgore, Texas, has stood vacant for years for one simple reasons: the cost of asbestos abatement. Recently, a large local business, Network Communications, was considering purchasing and refurbishing the Main Street icon, but nearly pulled out at the sight of $35,000 in asbestos costs. Fortunately for Network Communications, the Kilgore City Council decided to pick up the tab for asbestos abatement in an effort to attract the business—and its future tax dollars.

The Kilgore City Council’s decision is bold and unique. The unfortunate reality is that municipal leaders rarely front the asbestos abatement costs and, as a result, otherwise top-flight real estate stays vacant.

What are the average costs of asbestos abatement and asbestos liability and how should your company address them? It’s a difficult question to answer, but, fortunately, the asbestos experts at Fears | Nachawati are ready to provide you with the advice you need. For a free consultation, call 1.866.705.7584 or send an email to info@fnlawfirm.com.