Wisconsin Brownfield Cleanup and Remediation Program: an assessment of economic and fiscal impacts

Abstract

This paper uses Hedonic Analysis to identify the unobserved economic and fiscal impacts that Wisconsin’s various state funded brownfield remediation programs have on the surrounding communities. Literature suggests that remediating brownfields has positive economic, social, and environmental impacts, so it important to provide incentives for developing brownfields. The results indicate that properties that are adjacent to revitalized brownfields increase on average 16.7% to 17.4% once the remediation process begins.