Risks and Rewards of Brownfield Redevelopment

Download or read book Risks and Rewards of Brownfield Redevelopment written by James G. Wright and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brownfields are abandoned or underused industrial and commercial facilities where expansion or redevelopment is complicated by environmental contamination that may present direct public health hazards. The more serious threat is to the economic health of the host city due to lost jobs, abandoned industrial sites, and the expansion of blighted neighborhoods. Ultimately, the private real estate market will determine how brownfields are reused, but this report concludes that government must also act to protect the public interest.