Recycling brownfields? The influence of on-site contamination on home buyers

摘要

This research uses contingent valuation (CV) to assess home buyer perceptions regarding housing built on formerly contaminated sites. Respondents are questioned about the underlying stigma associated with past contamination and willingness to purchase a home built on a brownfield. Discounts and market loss in Chicago, Illinois, a metropolitan area characterized by a large number of brownfields and an active housing market, are identified and analyzed.