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

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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Working or Discussion Paper
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JEL Codes:
Q24; Q28
Series Statement:
Discussion Paper 04-46

 Record created 2017-04-01, last modified 2020-10-28

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