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Annotation:
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Redevelopment sites that require a clean up of toxic substances, commonly referred to as brownfields, are often located in rural and suburban locations, particularly around airfields and former military bases. This Article examines market and government factors related to brownfields redevelopment that drive centrifugal force and strategies that may enhance centripetal force, and it explores reforms that might bring about urban revitalization, including the essential redevelopment of brownfields. Real estate investment, and thus development and redevelopment, involves a decision-making process used by developers and their investors to determine the most attractive available investment. Incentives for brownfield redevelopment, along with capping mortgage subsidies and reducing or eliminating subsidies for greenfield and suburban development, would contribute to counterbalancing the powerful pull of centrifugal forces that generate urban sprawl. Growth management systems and smart growth initiatives offer additional methods to influence development choices. Widespread brownfield revitalization can only be accomplished when policies encourage developers to risk capital. This Article examines the ways government can influence brownfield investment and effectuate urban revitalization. CERCLA offered more specific redevelopment criteria and established a clean up grant program but did not include significant incentives to make brownfield redevelopment attractive.
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