Revitalizing secondary market Brownfield sites

摘要

Brownfield sites in secondary markets will only be revitalized through public investment. The market place has passed on these sites or never considered them in the first place because they carry multiple burdens. They are in secondary markets where land values and demographics are not strong. They can also be too small, suspected of being too contaminated, have dilapidated structures and owe too much in back taxes. These are conditions that will not be resolved without significant long term public intervention and investment. The criteria for this investment needs to be applied along with the commitment of the marketplace to rebuild the sites if they are within certain economic parameters after assessment. This is a discussion of how certain criteria are being applied in an industrial city in the USA.