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Rays of Research on Real Estate Development by Jaime Luque

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CHAPTER 16

Contamination Risk

In collaboration with Grant Fitzgerald and Ross Williams

Over the past few years, there has been discussion whether the role of contamination risk and redevelopment are correlated. Contamination risk is defined as the risk being absorbed by a developer that is stemming from the environmental conditions of the property. Finding an answer to this question helps us understand the importance of quality environmental conditions on the behavior of urban development

Generally, there has been a large negative perception about contaminated property due to the large legal and financial barriers that they pose. This has a negative effect on the surrounding communities and creates a stagnant economic environment. This problem ...

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