Moving Beyond Cleanup: Identifying the Crucibles of Environmental Gentrification H. Spencer Banzhaf and Eleanor McCormick Working Paper Series Working Paper # 07-02 January, 2007 U.S. Environmental Protection Agency National Center for Environmental Economics 1200 Pennsylvania Avenue, NW (MC 1809) Washington, DC 20460 http://www.epa.gov/economics Moving Beyond Cleanup: Identifying the Crucibles of Environmental Gentrification H. Spencer Banzhaf and Eleanor McCormick Correspondence: Spencer Banzhaf Department of Economics Georgia State University P.O. Box 3992 Atlanta, GA30302 (404) 651-6981,
[email protected] NCEE Working Paper Series Working Paper # 07-02 January, 2007 DISCLAIMER The views expressed in this paper are those of the author(s) and do not necessarily represent those of the U.S. Environmental Protection Agency. In addition, although the research described in this paper may have been funded entirely or in part by the U.S. Environmental Protection Agency, it has not been subjected to the Agency's required peer and policy review. No official Agency endorsement should be inferred. Moving Beyond Cleanup: Identifying the Crucibles of Environmental Gentrification H. Spencer Banzhaf Georgia State University Eleanor McCormick Resources for the Future Correspondence: Spencer Banzhaf Department of Economics, Georgia State University PO Box 3992, Atlanta, GA 30302 404-651-6981,
[email protected] Report Prepared for the National Center for Environmental Economics (EPA) December 2006 This paper reviews the distributional impacts associated with "environmental gentrification" following the cleanup and reuse of Superfund sites, brownfields, and other locally undesirable land uses (LULUs). By making a neighborhood more attractive, cleanup and reuse of LULUs may drive up local real estate prices.