THE EFFECTS OF ENVIRONMENTAL HAZARDS AND REGULATION ON URBAN REDEVELOPMENT

This report, jointly sponsored by HUD and EPA, provides insight into some of the most basic
issues confronting brownfields policy: the relative importance of environmental risk versus
neighborhood economic distress as deterrents to the neighborhood development. The report
addresses the significance of: 1) site contamination as a deterrent to brownfield redevelopment, as
compared to other factors retarding reuse; 2) which environmental development cost or uncertainty
most deters investments in redevelopment; and 3) which types of State brownfield clean up policies
and programs are likely to be conducive to investments and redevelopment. This report sharpens
the focus on what the real policy issues are and what are appropriate policy options for addressing
these issues.