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The Brownfields Phenomenon: Much Ado about Something or the Timing of the Shrewd?

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  • Wernstedt, Kris

    ()
    (Resources for the Future)

  • Alberini, Anna
  • Heberle, Lauren
  • Meyer, Peter

Abstract

This paper provides an overview of the cleanup and redevelopment of contaminated properties known as “brownfields.” It has three principal parts. First, we introduce the brownfields phenomenon and its drivers, drawing on the body of available empirical evidence to discuss characteristics of individual brownfield redevelopment projects. Second, we present findings from a recent study we have conducted that examines the relative attractiveness to private developers of public interventions to promote brownfields redevelopment. Third, we briefly summarize some of the problems with brownfields development and policy and propose an approach to promote wider societal benefits of brownfields development. We conclude with several broad questions about brownfields policy and practice.

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Bibliographic Info

Paper provided by Resources For the Future in its series Discussion Papers with number dp-04-46.

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Date of creation: 24 Nov 2004
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Handle: RePEc:rff:dpaper:dp-04-46

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Related research

Keywords: brownfields; contamination; economic development; infill;

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References

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  1. Louviere,Jordan J. & Hensher,David A. & Swait,Joffre D., 2000. "Stated Choice Methods," Cambridge Books, Cambridge University Press, number 9780521788304.
  2. Ted Gayer & James T. Hamilton & W. Kip Viscusi, 2002. "The Market Value of Reducing Cancer Risk: Hedonic Housing Prices with Changing Information," Southern Economic Journal, Southern Economic Association, vol. 69(2), pages 266-289, October.
  3. Kiel, Katherine & Zabel, Jeffrey, 2001. "Estimating the Economic Benefits of Cleaning Up Superfund Sites: The Case of Woburn, Massachusetts," The Journal of Real Estate Finance and Economics, Springer, vol. 22(2-3), pages 163-84, March-May.
  4. Boyd, James & Harrington, Winston & Macauley, Molly K, 1996. "The Effects of Environmental Liability on Industrial Real Estate Development," The Journal of Real Estate Finance and Economics, Springer, vol. 12(1), pages 37-58, January.
  5. Wernstedt, Kris & Hersh, Robert & Crooks, Lisa, 2003. "Brownfields Redevelopment in Wisconsin: A Survey of the Field," Discussion Papers dp-03-54, Resources For the Future.
  6. McCluskey, Jill J. & Rausser, Gordon C., 2003. "Hazardous waste sites and housing appreciation rates," Journal of Environmental Economics and Management, Elsevier, vol. 45(2), pages 166-176, March.
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Cited by:
  1. Howard F. Chang & Hilary Sigman, 2005. "The Effect of Joint and Several Liability under Superfund on Brownfields," Departmental Working Papers 200508, Rutgers University, Department of Economics.
  2. Hilary Sigman, 2006. "Environmental Liability and Redevelopment of Old Industrial Land," Departmental Working Papers 200609, Rutgers University, Department of Economics.

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