Just What the Regulated Community Didn’t Need: DEP’s Proposed Coastal PACT/REAL Rule Creates Uncertainty for Existing and Proposed Development

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Just What the Regulated Community Didn’t Need: DEP’s Proposed Coastal PACT/REAL Rule Creates Uncertainty for Existing and Proposed Development

The latest proposed rule as part of DEP’s ongoing Protecting Against Climate Threats (PACT) Resilient Environments and Landscapes (REAL) program is currently expected to be adopted early this summer. The proposed rules are vast in scope and warrant attention by all owners, landlords, property managers, lenders, and insurers of properties near any tidal water body as well as anyone planning to develop, expand, or redevelop those sites. The propos…