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ERIC Number: EJ759358
Record Type: Journal
Publication Date: 2006
Pages: 23
Abstractor: Author
ISBN: N/A
ISSN: ISSN-0276-8739
EISSN: N/A
Available Date: N/A
Attracting Private Investment to Contaminated Properties: The Value of Public Interventions
Wernstedt, Kris; Meyer, Peter B.; Alberini, Anna
Journal of Policy Analysis and Management, v25 n2 p347-369 Spr 2006
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. We also find considerable heterogeneity among developers in the value they place on these incentives, depending on their experience with contaminated sites.
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
Author Affiliations: N/A