Attracting private investment to contaminated properties: The value of public interventions

• 成果类型: Article
• 署名作者: Wernstedt, K; Meyer, PB; Alberini, A
• 署名单位: University of Louisville; Northern Kentucky University; University System of Maryland; University of Maryland College Park
• 刊物名称: JOURNAL OF POLICY ANALYSIS AND MANAGEMENT
• ISSN/ISSBN: 1520-7182
• DOI: 10.1002/pam.20176
• 发表日期: 2006
• 页码: 347-369
• 关键词: economic-development; corporate-finance; land-use; brownfield; redevelopment; SUPERFUND; baltimore; liability; location; POLICY

摘要

We employ a mail survey of private developers that uses conjoint choice experiments and Likert-scaled attitudinal questions to examine preferences for policy instruments and incentives intended to encourage brownfield cleanup and redevelopment. Our analysis suggests that developers judge public hearing requirements at brownfield redevelopments unattractive, but that they place a relatively high value on liability relief-from both cleanup costs and claims by third parties. Reimbursement of environmental assessment costs is not particularly attractive. Me also find considerable heterogeneity among developers in the value they place on these incentives, depending on their experience with contaminated sites. (c) 2006 by the Association for Public Policy Analysis and Management.