[CPEO-BIF] Impact of brownfields on nearby property values in Cincinnati, Ohio

[Lenny Siegel <lsiegel@cpeo.org>]

Research measures financial impact of brownfields on nearby property values

Phys.org
March 27, 2013 

Research from the University of Cincinnati just published in the March issue of the Journal of Environmental Assessment Policy and Management measures the impact of brownfields on nearby residential property values in the City of Cincinnati. (Brownfields are abandoned business or industrial sites with either potential or proven on-site pollutants.) 

In an article titled "Using Spatial Regression to Estimate Property Tax Discounts from Proximity to Brownfields: A Tool for Local Policy Making," researchers Oana Mihaescu, a former UC regional development planning doctoral student now affiliated with the Stockholm, Sweden, research institute, HUI Research, and with Dalarna University, and Rainer vom Hofe, UC associate professor of urban planning, examine the property value impacts caused by 87 brownfield sites in Cincinnati. Most of these were located in older, more centralized neighborhoods like Camp Washington, Fairmount, Lower Price Hill, Price Hill, Westwood and along the I-75/Millcreek corridor. 


...

For the entire article, see
http://phys.org/news/2013-03-financial-impact-brownfields-nearby-property.html

For the original journal article, go to
http://www.worldscientific.com/doi/pdf/10.1142/S1464333213500087

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street
Mountain View, CA 94041
Voice: 650-961-8918 or 650-969-1545
Fax: 650-961-8918
LSiegel@cpeo.org
http://www.cpeo.org




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