Determinants And Effects On Property Values Of Participation In Voluntary Cleanup Programs
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Author | : Anna Alberini |
Publisher | : |
Total Pages | : 36 |
Release | : 2007 |
Genre | : |
ISBN | : |
State Voluntary Cleanup Programs (VCPs) were established starting in the 1990s to encourage the environmental remediation and redevelopment of contaminated properties. These programs typically offer liability relief, subsidies and other regulatory incentives in exchange for site cleanup. This paper asks three questions: First, what type of properties are attracted to voluntary cleanup programs? Second, what is the interaction between these state programs and other incentives for remediation and economic development, such as Enterprise Zone and Brownfield Zone designations? Third, what is the effect of participation in the VCP on property values? We use data from Colorado's VCP to answer these questions. We find that most of the properties enrolled in this program were not previously listed on EPA's contaminated site registries, and that most applicants seek to obtain directly a quot;no further actionquot; determination without undergoing remediation. The main determinants of participation are the size of the parcel and whether the surrounding land use is primarily residential, while other incentives have little effect. Properties with confirmed contamination sell at a 47% discount relative to comparable uncontaminated parcels, and participation tends to raise the property price, but this latter effect is not statistically significant. Taken together, these findings suggest that the participating properties are those with high development potential, and hint at the possibility that owners or developers may be seeking to obtain a clean bill of health from the State with only minimal or no cleanup efforts. Were these findings confirmed with data from other states, they would raise doubts about the effectiveness of voluntary programs in encouraging remediation and their usefulness in reversing some of the undesired effects of the Superfund legislation.
Author | : Dennis Guignet |
Publisher | : DIANE Publishing |
Total Pages | : 30 |
Release | : 2011-04 |
Genre | : Business & Economics |
ISBN | : 1437980465 |
In the U.S., policy has increasingly shifted toward economic incentives and liability attenuation for promoting cleanup and redevelopment of contaminated sites, but little is known about the effectiveness of such policies. These policies include state Voluntary Cleanup Programs (VCPs). This study focuses on 116 Baltimore properties that were enrolled and participated in the Maryland VCP from its inception in 1997 to the end of 2006 and examines what type of properties tend to participate in these programs, how these properties compare with other eligible but non-participating sites, and what the redevelopment potential of VCP properties and implications is toward open-space conversion. Charts and tables. This is a print on demand report.
Author | : Christopher De Sousa |
Publisher | : Routledge |
Total Pages | : 274 |
Release | : 2021-07-15 |
Genre | : Architecture |
ISBN | : 1000401472 |
While industrial and chemical innovations have contributed extensively to human advancement, the darker part of their legacy has been the hundreds of thousands of polluted sites left behind. Governments at all levels have rallied to support the remediation and reuse of these land resources and put many of the nation’s brownfields back into productive use. This book presents two dozen brownfield projects in the United States that have incorporated sustainability, highlighting project features, best management practices, and lessons from the field regarding the underlying policies and practices that enabled these projects to be completed or, in some cases, stalled, altered or abandoned. The case studies represent an array of brownfield projects that aimed to go beyond conventional practice and include a range and variety of end uses (e.g., corner gas stations, industrial, office, residential, brightfields, green space, mixed-use, and transit-oriented developments). The cases investigate site histories, planning and development and examine sustainability characteristics to understand how projects overcame the barriers to brownfield reuse and the implementation of sustainability features and derive a series of lessons learned, including innovative policies, programs, and/or funding mechanisms that helped make these projects work. Sustainable Brownfield Development will be of interest to developers, planners, consultants and community representatives interested in environmental policy, urban planning, community development, ecological restoration, economic development, and parks planning by providing direction and inspiration for those eager to erase the blight of the past and build a more sustainable future.
Author | : Kris Wernstedt |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : |
ISBN | : |
Nearly every state in the United States has developed one or more voluntary cleanup programs (VCPs) to support an alternative approach to cleanup of contaminated sites. Thousands of sites have entered into these programs. Yet, despite the ubiquity of VCPs and the number of enrolled properties, we know little about the factors that influence voluntary action at these sites. This paper reports results from interviews of state officials involved in VCPs in all states, and from a survey of VCP participants in several states. It has two objectives. First, at an application level, the interview and survey results can be used to help improve policy and practice in voluntary cleanup programs. Second, the paper furnishes a unique study to the general literature on environmental voluntary behavior, contributing an empirical, survey-based study of volunteers engaged in cleanup.
Author | : United States. Congress. Office of Technology Assessment |
Publisher | : |
Total Pages | : 42 |
Release | : 1995 |
Genre | : Brownfields |
ISBN | : |
Author | : Urban Institute |
Publisher | : |
Total Pages | : 108 |
Release | : 1998 |
Genre | : Brownfields |
ISBN | : |
Author | : Christopher Walker |
Publisher | : DIANE Publishing |
Total Pages | : 105 |
Release | : 1998-11 |
Genre | : |
ISBN | : 0788173499 |
Author | : United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment |
Publisher | : |
Total Pages | : 260 |
Release | : 1997 |
Genre | : Business & Economics |
ISBN | : |
Author | : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Water Resources and Environment |
Publisher | : |
Total Pages | : 592 |
Release | : 1997 |
Genre | : Law |
ISBN | : |
Author | : Robert Allan Simons |
Publisher | : |
Total Pages | : 204 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : |
A pragmatic guide to redeveloping brownfields, this book offers realistic methods and techniques to turn contaminated land into a profit opportunity. It offers tips on managing the brownfields redevelopment process, including exclusion strategies and state voluntary clean-up programmes.