Tracking remediation and redevelopment trends of brownfield clean-up programmes: the Cook County experience
Kimberly Winson-Geideman,
Robert Simons and
John Pendergrass
Journal of Environmental Planning and Management, 2004, vol. 47, issue 3, 393-405
Abstract:
This study provides evidence on the clean-up and development of properties in Cook County that have completed the two Illinois brownfield voluntary clean-up programmes (VCPs) since 1989. Real estate and environmental databases are merged to allow analysis of development trends for a sample of several hundred entering sites, which are followed through the programme and into the marketplace. Results show that over half of the sites entering the programme received a closure letter, and that a quarter used a residential standard when remediating property. One-third used caps or other engineering controls, and about 20% have received financing since obtaining the closure letter. These promising outcomes demonstrate the return of these properties to productive use.
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:taf:jenpmg:v:47:y:2004:i:3:p:393-405
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DOI: 10.1080/0964056042000216528
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