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

  • Wernstedt, Kris

    ()

    (Resources for the Future)

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

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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File URL: http://www.rff.org/RFF/documents/RFF-DP-04-46.pdf
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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
Contact details of provider: Web page: http://www.rff.org

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  1. McCluskey, Jill Jennifer & Rausser, Gordon C, 2000. "Hazardous waste sites and housing appreciation rates," CUDARE Working Paper Series 906, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
  2. 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.
  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. 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.
  5. repec:cup:cbooks:9780521788304 is not listed on IDEAS
  6. 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.
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