Examines the advantages of redeveloping brownfields sites and the obstacles facing this kind of venture.
Written in 2005; 967 words; 2 sources; APA; $ 34.95
Paper Summary:
The value of revitalizing contaminated sites, or brownfields, has gained widespread acceptance. The efforts at remediation and eventual redevelopment of these sites involve several stakeholders, since the exercise directly impacts a number of different interests. The paper shows that the key issues to be resolved for the successful rejuvenation of brownfields sites are technical, legal, financial, future land use and community issues. Satisfactory resolution of these issues results in a happy confluence of interests working together to ensure the full exploitation of these under-utilized assets. This paper fully discusses the issues and the attendant obstacles to redevelopment of brownfields sites, and examines some of the more successful approaches which have been employed.
Paper Outline:
Abstract
Introduction
Major Issues in Brownfields Redevelopment
References
From the Paper:
"Liability protection ranks high on the list of concerns for potential investors, and the VCPs have responded to this obstacle. Many states offer some measure of liability protection. However, the liability assurances offered by VCPs must be in keeping with current state laws, and can only be for such activities as recognized by that state. Thus, there is always the possibility, however remote, of these guarantees being supplanted by federal law."
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