| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| What are the Effects of Contamination Risks on Commercial and Industrial Properties? Evidence from Baltimore, Maryland |
| Alberto Longo; Anna Alberini
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| 发表日期 | 2005
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| 出处 | Climate Change and Sustainable Development
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| 出版年 | 2005
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| 语种 | 英语
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| 摘要 | 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. |
| 特色分类 | Q51,Q53,R33
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| 关键词 | Contaminated sites registries,Distance to contaminated sites,Hedonic pricing model,Brownfields
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/what-are-the-effects-of-contamination-risks-on-commercial-and-industrial-properties-evidence-from-baltimore-maryland/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117223
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推荐引用方式
GB/T 7714 |
Alberto Longo,Anna Alberini. What are the Effects of Contamination Risks on Commercial and Industrial Properties? Evidence from Baltimore, Maryland. 2005.
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文件名：
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NDL2005-111.pdf
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格式：
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Adobe PDF
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