Flip That Brownfield

As brownfield redevelopment escapes from its "avoid-at-all-costs" stigma, Sustainable Industries offers a look at five common remediation and redevelopment projects for the country's brownfields.

"Brownfields, the common term for abandoned or underutilized sites that have been contaminated through industrial pollution, are the polar opposites of greenfields, a phrase used to describe unspoiled tracts of land. The U.S. Environmental Protection Agency (EPA) estimates there are between 500,000 and 1 million U.S. brownfield sites, which represent an estimated $2 trillion of undervalued real estate, according to industry experts."

"Yet despite the abundance of brownfield properties and their rock-bottom price tags, many developers have until recently avoided the risky business of brownfield redevelopment - for good reason. Due to ever-evolving technologies, cleanup costs can be difficult to predict. A number of unknowns inherent to abandoned properties have the potential to become a liability. Brownfield redevelopment almost always involves public involvement, and often requires partnerships between federal and state agencies, as well as city and county governments: In other words, they can take a long time. Developers also have to shake the stigma that brownfields are dangerous places."

"As a result of increased funding and public awareness, revitalized brownfields in some cities are beginning to become as prevalent as abandoned ones. Yet only 10 - 15 percent of U.S. brownfield sites have been addressed, according to Brownfield News, leaving over 80 percent of the market untapped."

Full Story: 5 ways to flip a brownfield


Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.