G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
What are the Effects of Contamination Risks on Commercial and Industrial Properties? Evidence from Baltimore, Maryland
Alberto Longo; Anna Alberini
发表日期2005
出处Climate Change and Sustainable Development
出版年2005
语种英语
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
关键词Contaminated sites registries,Distance to contaminated sites,Hedonic pricing model,Brownfields
URLhttps://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/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117223
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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NDL2005-111.pdf(1386KB)智库出版物 限制开放CC BY-NC-SA浏览
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