Arbeitspapier
What are the Effects of Contamination Risks on Commercial and Industrial Properties? Evidence from Baltimore, Maryland
Using the hedonic pricing approach, we investigate how the information released on public registries of contaminated and potentially contaminated sites affects nearby commercial and industrial properties in Baltimore, Maryland. We find that commercial and industrial properties are virtually unaffected by proximity to a site with a history of contamination. Knowing that the site is no longer considered contaminated does not have a rebound effect on property prices either. We also find that urban economic development policies, such as Empowerment Zones and Enterprise Zones, have little effect on property values. In sum, brownfield properties in Baltimore are not particularly attractive investments for developers, and there is little potential for self-sustaining cleanup based on appropriate fiscal incentives, such as Tax Increment Financing. It is doubtful that one size fits all measures to encourage the cleanup of contaminated sites can be successful in this context.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 111.2005
- Klassifikation
-
Wirtschaft
Valuation of Environmental Effects
Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
Nonagricultural and Nonresidential Real Estate Markets
- Thema
-
Contaminated sites registries
Distance to contaminated sites
Hedonic pricing model
Brownfields
Bodenbelastung
Gewerbeimmobilien
Hedonischer Preisindex
Baltimore (Md.)
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Longo, Alberto
Alberini, Anna
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Longo, Alberto
- Alberini, Anna
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2005
Ähnliche Objekte (12)
The Effects of Contamination and Cleanup on Commercial and Industrial Properties: A Hedonic Pricing Model of Maryland and Baltimore City
Voluntary cleanups and redevelopment potential: Lessons from Baltimore, Maryland
Information v. Energy Efficiency Incentives: Evidence from Residential Electricity Consumption in Maryland
Information v. Energy Efficiency Incentives: Evidence from Residential Electricity Consumption in Maryland
Urban Environmental Health and Sensitive Populations: How Much are the Italians Willing to Pay to Reduce Their Risks?
Urban Environmental Health and Sensitive Populations: How Much Are the Italians Willing to Pay to Reduce Their Risks?
Robustness of VSL Values from Contingent Valuation Surveys
Determinants and Effects on Property Values of Participation in Voluntary Cleanup Programs: the Case of Colorado
Determinants and Effects on Property Values of Participation in Voluntary Cleanup Programs: The Case of Colorado
Can Property Values Capture Changes in Environmental Health Risks? Evidence from a Stated Preference Study in Italy and the UK
Free Riding, Upsizing, and Energy Efficiency Incentives in Maryland Homes
Willingness to Pay to Reduce Mortality Risks: Evidence from a Three-Country Contingent Valuation Study
The Effects of Contamination and Cleanup on Commercial and Industrial Properties: A Hedonic Pricing Model of Maryland and Baltimore City
Voluntary cleanups and redevelopment potential: Lessons from Baltimore, Maryland
Information v. Energy Efficiency Incentives: Evidence from Residential Electricity Consumption in Maryland
Information v. Energy Efficiency Incentives: Evidence from Residential Electricity Consumption in Maryland
Urban Environmental Health and Sensitive Populations: How Much are the Italians Willing to Pay to Reduce Their Risks?
Urban Environmental Health and Sensitive Populations: How Much Are the Italians Willing to Pay to Reduce Their Risks?
Robustness of VSL Values from Contingent Valuation Surveys
Determinants and Effects on Property Values of Participation in Voluntary Cleanup Programs: the Case of Colorado
Determinants and Effects on Property Values of Participation in Voluntary Cleanup Programs: The Case of Colorado
Can Property Values Capture Changes in Environmental Health Risks? Evidence from a Stated Preference Study in Italy and the UK
Free Riding, Upsizing, and Energy Efficiency Incentives in Maryland Homes
Willingness to Pay to Reduce Mortality Risks: Evidence from a Three-Country Contingent Valuation Study
The Effects of Contamination and Cleanup on Commercial and Industrial Properties: A Hedonic Pricing Model of Maryland and Baltimore City
Voluntary cleanups and redevelopment potential: Lessons from Baltimore, Maryland
Information v. Energy Efficiency Incentives: Evidence from Residential Electricity Consumption in Maryland
Information v. Energy Efficiency Incentives: Evidence from Residential Electricity Consumption in Maryland
Urban Environmental Health and Sensitive Populations: How Much are the Italians Willing to Pay to Reduce Their Risks?
Urban Environmental Health and Sensitive Populations: How Much Are the Italians Willing to Pay to Reduce Their Risks?
Robustness of VSL Values from Contingent Valuation Surveys
Determinants and Effects on Property Values of Participation in Voluntary Cleanup Programs: the Case of Colorado
Determinants and Effects on Property Values of Participation in Voluntary Cleanup Programs: The Case of Colorado
Can Property Values Capture Changes in Environmental Health Risks? Evidence from a Stated Preference Study in Italy and the UK
Free Riding, Upsizing, and Energy Efficiency Incentives in Maryland Homes