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Brownfield Redevelopment versus Greenfield Development: A Private Sector Perspective on the Costs and Risks Associated with Brownfield Redevelopment in the Greater Toronto Area

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  • Christopher De Sousa
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    Abstract

    This paper examines the nature of the economic costs and risks involved in brownfield versus greenfield redevelopment in the Greater Toronto Area (Ontario, Canada) from a private sector perspective, and assesses the potential effectiveness of different policies and programmes designed to attenuate associated costs and risks. Through interviews, case-studies and an analysis of hypothetical development scenarios, it has been found that the perception that brownfield redevelopment is less cost-effective and entails greater risks than greenfield development, on the part of the private sector, is true for industrial projects in the province, but not for residential ones, which were found to be feasible, given the assumptions of the present study. Furthermore, the study has found that the attractiveness of residential brownfield projects can increase considerably with minor policy changes, but that promoting industrial redevelopment will require a more vigorous approach that employs a variety of environmental policy and economic development measures.

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Journal of Environmental Planning and Management.

    Volume (Year): 43 (2000)
    Issue (Month): 6 ()
    Pages: 831-853

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    Handle: RePEc:taf:jenpmg:v:43:y:2000:i:6:p:831-853

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    Web page: http://www.tandfonline.com/CJEP20

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    Cited by:
    1. Paolo Rosato & Anna Alberini & Valentina Zanatta & Margaretha Breil, 2010. "Redeveloping derelict and underused historic city areas: evidence from a survey of real estate developers," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 53(2), pages 257-281.
    2. Anna Alberini & Alberto Longo & Stefania Tonin & Francesco Trombetta & Margherita Turvani, 2003. "The Role of Liability, Regulation and Economic Incentives in Brownfield Remediation and Redevelopment: Evidence from Surveys of Developers," Working Papers 2003.7, Fondazione Eni Enrico Mattei.
    3. Yu-Ting Tang & C. Paul Nathanail, 2012. "Sticks and Stones: The Impact of the Definitions of Brownfield in Policies on Socio-Economic Sustainability," Sustainability, MDPI, Open Access Journal, vol. 4(5), pages 840-862, May.
    4. Nizalov, Denys & Loveridge, Scott, 2005. "The Differential Impact of Regional Policies on Economic Growth: One Size Does Not Fit All," 2005 Annual meeting, July 24-27, Providence, RI 19360, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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