Re: [CPEO-BIF] BCP Data

[Lenny Siegel <lsiegel@cpeo.org>]

In trying to understand the reuse of contaminated properties, I've 
always compared the anticipated cleanup costs against the VALUE OF THE 
PROPERTY, not the proposed project cost.

To make the reuse of contaminated properties competitive with "green" 
properties, government agencies offer subsidies. This is particularly 
important for "upside down" properties, where the cost of cleanup 
outweighs the value of the land before cleanup.

I can see how agencies might want to maximize the investment (project 
costs) resulting from particular subsidies, but that's only one measure 
of a project's usefulness to the community.

When I first received Larry's data, I asked him if they had collected 
information on property value. He said that they hadn't, because the 
parties to the transactions are hesitant to give out those numbers.

Lenny
--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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