Land contamination and remediation

Mike Gennaro

Journal of Building Survey, Appraisal & Valuation, 2018, vol. 7, issue 1, 6-12

Abstract: Land contamination can have a significant impact upon land values and re-development costs, and pose liability issues and reputational risks to owners or developers. However, re-development of contaminated land, if approached correctly, can present commercial opportunities and, on a wider level, aids regeneration of our urban spaces and helps to reduce the pressure on the development of greenfield land. Robust and timely assessment of ground contamination issues prevents avoidable delays and costs to development projects, and enables appropriate remediation of contaminated soils and/or groundwater, thus reducing environmental liabilities, increasing asset values and facilitating re-development of land otherwise liable to long-term dereliction.

Keywords: contamination; dereliction; risk assessment; remediation (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jbsav0:y:2018:v:7:i:1:p:6-12

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