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Brownfield cleanup increases localized property values for housing by an average of 5.0% to 11.5%, according to an estimation of cleanup benefits for 327 brownfields applying to the US Environmental Protection Agency (EPA) Brownfields Program.

Haninger, Kevin, Lala Ma, and Christopher Timmins. “The Value of Brownfield Remediation.”  Journal of the Association of Environmental and Resource Economists 4.1 (2017), 197-241. http://doi.org/10.1086/689743

Topics

Property values, Restoration

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