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Public Incentives, Market Motivations, and Contaminated Properties: New Public Management and Brownfield Liability Reform.

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Title: Public Incentives, Market Motivations, and Contaminated Properties: New Public Management and Brownfield Liability Reform.
Authors: Eckerd, Adam1 aeckerd@vt.edu, Heidelberg, Roy L.2 royh@lsu.edu
Source: Public Administration Review. Mar2015, Vol. 75 Issue 2, p252-261. 10p. 4 Charts, 2 Graphs.
Subject Terms: *Urban planning, Brownfields, Commercial real estate, Hazardous waste sites, Hazardous waste site remediation, Cleanup of radioactive waste sites, Public administration, Economics
Geographic Terms: United States
Abstract: Brownfields pose challenges to both communities and policy makers. Public funds are insufficient to remediate these contaminated sites, but, given the uncertainty of contamination and the complexity of liability, private interests are reluctant to become involved for fear of future litigation. From a New Public Management perspective, market incentives can be used to encourage private sector remediation of sites. However, this change implies a shift in administrative function from regulation to 'getting the incentives right.' In this research, the authors investigate whether state and federal reforms aimed at increasing private sector involvement have actually done so, and they consider the implications for other goals of brownfield remediation, such as providing economic development assistance in communities where such change is needed. Findings show that developers respond to insurance and tax incentives, but the authors question whether public incentives are making unattractive redevelopment opportunities worth investing in or simply making profitable redevelopment opportunities more profitable. [ABSTRACT FROM AUTHOR]
Copyright of Public Administration Review is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: Public Incentives, Market Motivations, and Contaminated Properties: New Public Management and Brownfield Liability Reform.
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  Data: <searchLink fieldCode="AR" term="%22Eckerd%2C+Adam%22">Eckerd, Adam</searchLink><relatesTo>1</relatesTo><i> aeckerd@vt.edu</i><br /><searchLink fieldCode="AR" term="%22Heidelberg%2C+Roy+L%2E%22">Heidelberg, Roy L.</searchLink><relatesTo>2</relatesTo><i> royh@lsu.edu</i>
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  Data: <searchLink fieldCode="JN" term="%22Public+Administration+Review%22">Public Administration Review</searchLink>. Mar2015, Vol. 75 Issue 2, p252-261. 10p. 4 Charts, 2 Graphs.
– Name: Subject
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  Data: *<searchLink fieldCode="DE" term="%22Urban+planning%22">Urban planning</searchLink><br /><searchLink fieldCode="DE" term="%22Brownfields%22">Brownfields</searchLink><br /><searchLink fieldCode="DE" term="%22Commercial+real+estate%22">Commercial real estate</searchLink><br /><searchLink fieldCode="DE" term="%22Hazardous+waste+sites%22">Hazardous waste sites</searchLink><br /><searchLink fieldCode="DE" term="%22Hazardous+waste+site+remediation%22">Hazardous waste site remediation</searchLink><br /><searchLink fieldCode="DE" term="%22Cleanup+of+radioactive+waste+sites%22">Cleanup of radioactive waste sites</searchLink><br /><searchLink fieldCode="DE" term="%22Public+administration%22">Public administration</searchLink><br /><searchLink fieldCode="DE" term="%22Economics%22">Economics</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22United+States%22">United States</searchLink>
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  Data: Brownfields pose challenges to both communities and policy makers. Public funds are insufficient to remediate these contaminated sites, but, given the uncertainty of contamination and the complexity of liability, private interests are reluctant to become involved for fear of future litigation. From a New Public Management perspective, market incentives can be used to encourage private sector remediation of sites. However, this change implies a shift in administrative function from regulation to 'getting the incentives right.' In this research, the authors investigate whether state and federal reforms aimed at increasing private sector involvement have actually done so, and they consider the implications for other goals of brownfield remediation, such as providing economic development assistance in communities where such change is needed. Findings show that developers respond to insurance and tax incentives, but the authors question whether public incentives are making unattractive redevelopment opportunities worth investing in or simply making profitable redevelopment opportunities more profitable. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
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  Data: <i>Copyright of Public Administration Review is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1111/puar.12305
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      – Code: eng
        Text: English
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        PageCount: 10
        StartPage: 252
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      – SubjectFull: Urban planning
        Type: general
      – SubjectFull: Brownfields
        Type: general
      – SubjectFull: Commercial real estate
        Type: general
      – SubjectFull: Hazardous waste sites
        Type: general
      – SubjectFull: Hazardous waste site remediation
        Type: general
      – SubjectFull: Cleanup of radioactive waste sites
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      – SubjectFull: Public administration
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      – SubjectFull: Economics
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      – SubjectFull: United States
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      – TitleFull: Public Incentives, Market Motivations, and Contaminated Properties: New Public Management and Brownfield Liability Reform.
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              Text: Mar2015
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