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Brownfields to Greenfields Mapping an Investment Perspective
A Case Study of Property Values around a clean-up site in
Kenosha, WI
by
Sean Christofferson
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Background Information
What is a Brownfield?• A former industrial or commercial site where future use is affected by
real or perceived environmental contamination. • Real property, the expansion, redevelopment, or reuse of which may
be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant.
What is a Greenfield?• An undeveloped site, esp. one being evaluated and considered for
commercial development or exploitation
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Total Brownfield sites: 450,000 to 1,000,000
• * Estimated number of vacant/contaminated sites, nationally – U.S. General Accounting Office, 2004
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BROWNFIELD PROPERTY
AMERICAN BRASS
1902 65TH STREET/1501 63RD STREET KENOSHA, WI 53143
EPA Registry Id: 110038699003
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GeocodingTurned Excel Data into Shape or Map data• 891 Property Addresses in
Excel Spreadsheet Form• Property Assessments for
all 891 Property Addresses
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SymbologyWanted to represent the changes in Home prices over time
Assessments for:• Pre-1999• 1999• 2000• 2005• 2007
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Results• $1,339,220.064
increase in annual property tax revenue• $45,989,700
increase in property assessment value from 99 - 07
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Linchpin EffectIn some instances, brownfields redevelopment is the catalyst or the linchpin that creates a positive environment for new investment and leads to transformation of entire neighborhoods and districts.
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American Brass now looks like this:
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See the Change over time by Color
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A Special Thanks to Dr. Kaufman and the Economics Department
• Assessment Data for over 800 properties around Greenfield• Condition Reports
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