@article{Longo:12218,
      recid = {12218},
      author = {Longo, Alberto and Alberini, Anna},
      title = {What are the Effects of Contamination Risks on Commercial  and Industrial Properties? Evidence from Baltimore,  Maryland},
      address = {2005},
      number = {837-2016-55648},
      series = {SIEV Nota di Lavoro 111.2005},
      pages = {48},
      year = {2005},
      abstract = {Using the hedonic pricing approach, we investigate how the  information released on public registries of contaminated  and potentially contaminated sites affects nearby  commercial and industrial properties in Baltimore,  Maryland. We find that commercial and industrial properties  are virtually unaffected by proximity to a site with a  history of contamination. Knowing that the site is no  longer considered contaminated does not have a rebound  effect on property prices either. We also find that urban  economic development policies, such as Empowerment Zones  and Enterprise Zones, have little effect on property  values. In sum, brownfield properties in Baltimore are not  particularly attractive investments for developers, and  there is little potential for self-sustaining cleanup based  on appropriate fiscal incentives, such as Tax Increment  Financing. It is doubtful that 'one size fits all' measures  to encourage the cleanup of contaminated sites can be  successful in this context.},
      url = {http://ageconsearch.umn.edu/record/12218},
      doi = {https://doi.org/10.22004/ag.econ.12218},
}