Sanitary Landfills, Stigma and Industrial Land Values

Karl L. Guntermann ()
Additional contact information
Karl L. Guntermann: Arizona Realtors Department of Business Administration Arizona State University Tempe, Arizona 85287-3706, http://www.cob.asu.edu/

Journal of Real Estate Research, 1995, vol. 10, issue 5, 531-542

Abstract: A significant literature exists that documents reductions in property value around toxic, chemical and in some cases solid waste landfills. There is also an emerging literature on stigma-related damage, which can be defined as a loss in value due to the increased risk associated with a contaminated property even after the problem has been eliminated. This research extends the empirical literature on landfills by examining the impact that solid waste landfills have on surrounding industrial property. The results indicate that the value of industrial land around an open, solid waste landfill is reduced by the presence of the landfill. Property around closed, solid waste landfills and open and closed refuse landfills is not adversely affected by the landfills. These results are not affected by the presence or absence of methane gas controls and ground water monitoring systems. Landfills sold with industrial zoning are discounted substantially by the market for various reasons, probably including limited alternative future uses, costs of remediation and potential liability from being in the chain of title.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol10n05/v10p531.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:10:n:5:1995:p:531-542

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().