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pretty good wants a copy for his library A Discussion on The Evolving Brownfield Situation Real Estate Development Rick Woodruff October 20 1996 Preface Stan Wilson and I Josh Simon conducted our research on Brownfields together Upon discussion we realized that our two papers would be almost identical in content In order to prevent you from reading two similar papers we decided to collaborate our efforts into a single essay We believe that the following paper is a comprehensive discussion of Brownfields including their future role in development The added length is necessary due to the comprehensive nature of our discussion The work necessary to complete this paper entailed more hours of work than if we were to each have written individual papers In a class that revolves around our future role in the Real Estate Development process we felt it a waste of your time to read two extremely similar papers just for the sake of having two papers If there is a problem with a collaborated effort we would be glad to redo the work in an individual structure and take whatever late penalties you deem necessary Introduction Brownfields are abandoned idled or under-used industrial and commercial sites where expansion or redevelopment is complicated by real or perceived environmental contamination that can add cost time and uncertainty to a redevelopment process Throughout our country their are an estimated 450000 brownfields These vacant properties exist in our cities serving no productive purpose and act as both eyesores and environmental and economic pitfalls Our inner-cities where most brownfields exist were once the only choice of development for our nations industry However with the birth of environmental law and regulation the redevelopment of these brownfields has become a complicated and often costly procedure One that induces many businesses and corporations look outside our urban centers for growth and development This trend not only leaves our
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