Revisiting Brownfield Redevelopment in 2012 :Learning from the American Experience and Changes in Ch

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  This is a 2012 update and expansion of an earlier paper presented at the Asian Real Estate Society conference in Shanghai,July 2009.The reuse of contaminated land is a growing worldwide phenomenon, an important sustainable development alternative to meet real estate growth demands.Chinas historic reverence for nature has been often ignored due to the demands for economic growth in recent decades, but there are now increased concerns about contamination and long term sustainability.Land re-use is even more relevant today in China as rapid growth and urbanization has raised land values to where remediation and redevelopment are economically justified.In 2007, two redevelopment projects in China won top honors from the Waterfront Center,demonstrating the capability of Chinese professionals to recycle land utilizing outstanding design.This revised paper adds recent case study information from Shanghai including environmental justice concerns, discussion from the real estate valuation perspective as well as expanding upon the demands for and opportunities to restore contaminated sites in China.Through case studies and empirical data brownfields redevelopment in China is considered in light of experiences in the United States.The re-use of land, particularly brownfields,is an increasingly important approach to development that can meet real estate market demand while preserving natural open land,making maximum use of existing infrastructure, thus reducing greenhouse gas emissions and global warming while improving sustainability.
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