Funding Agency: USDA Forest Service, North Central Research Station
The aim of this research project is to measure and compare the impact of different forms of brownfields redevelopment (green space, industrial, commercial, and residential) on nearby residential property values and real estate conditions in Chicago, Milwaukee, and Minneapolis.
The research approach will incorporate both quantitative and qualitative methods; that is, a hedonic method will be used to quantify nearby property value effects, while interviews with relevant public and private sector stakeholders will be used to gather information on the perceived impacts to local real estate conditions.