Physical Sciences and Mathematics Commons^™

The Importance Of Liability For The Redevelopment Of Brownfields : The Developers View, Daniel F. Chachakis

Theses

The thousands of former industrial properties lying vacant in New Jersey are an economic challenge for all areas of government. If these properties are, or are perceived to be, contaminated then they are labeled Brownfields. An important question is whether the threat of liability for contamination by prior owners is a current cause behind the failure of developers to acquire and redevelop Brownfields in the State of New Jersey.

The goal of this work was to discover if there is a link between liability and the developer's decision making process. How important is the liability factor? Fifty-seven variables were examined …