Environmental Contamination, Brownfields Policy, and Economic Redevelopment in an Industrial Area of Baltimore, Maryland
AbstractRecently, many states have passed brownfields legislation to limit the liability of innocent property redevelopers, based on the assumption that pollution systematically affects land use and development. The goal of this study was to examine this assumption. The study area was an industrial area of Baltimore, Maryland, characterized by brownfields and recent economic development. Data from 1963–1999 for brownfield and non-brownfield parcels were collected and compared to identify variations in assessed land value, vacancy, sales, and redevelopment. The absence of a systematic relationship between pollution and land use variables suggests that other factors may also be involved in vacancy and underuse.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 78 (2002)
Issue (Month): 1 ()
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Web page: http://le.uwpress.org/
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- R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
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- Stefania Tonin & Margherita Turvani, 2011. "Environmental contamination and industrial real estate market: an application of hedonic price method in Italy," ERSA conference papers ersa10p511, European Regional Science Association.
- Anna Alberini & Alberto Longo, 2006. "The Effects of Contamination and Cleanup on Commercial and Industrial Properties: A Hedonic Pricing Model of Maryland and Baltimore City," ERSA conference papers ersa06p413, European Regional Science Association.
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