Private Investment in Brownfield Redevelopment in the Greater Philadelphia Area: A Case-Study Analysis

Loading...
Thumbnail Image
Degree type
Graduate group
Discipline
Subject
Funder
Grant number
License
Copyright date
Distributor
Related resources
Author
Kraske, Ryan
Contributor
Abstract

Brownfield redevelopment is a critical urban renewal tool that until recently has been overlooked by developers interested in less risky, pristine greenfields. Reformed legislation and public recognition of the negative effects of urban sprawl has made many investors realize the economic potential of brownfield redevelopment. This paper investigates the regulatory framework and incentives for attracting private investment in brownfield redevelopment in the greater Philadelphia area. It specifically examines three different reclamation projects and evaluates the effectiveness of their redevelopment procedures through site selection, remediation process, utilization of incentives, and impacts on the community. Through the availability of extensive incentive programs, liability and clean-up costs are no longer at the forefront of developers’ concerns. The analysis finds that a successful brownfield project developer must choose a site in strategic location, have a long-term vision, and consider the input from and benefit to the surrounding community. The final analysis provides recommendations to promote economically viable brownfield program and project implementation in the future.

Advisor
Date of degree
2007-05-01
Date Range for Data Collection (Start Date)
Date Range for Data Collection (End Date)
Digital Object Identifier
Series name and number
Volume number
Issue number
Publisher
Publisher DOI
Journal Issue
Comments
Presented to the Faculties of the University of Pennsylvania in Partial Fulfillment of the Requirements for the Degree of Master of Environmental Studies 2007.
Recommended citation