Abstract: . These programs typically offer liability relief, subsidies and other regulatory incentives in exchange for site cleanup. This paper asks three questions: First, what type of properties are attracted to voluntary cleanup programs? Second, what is the interaction between these state programs and other incentives for remediation and economic development, such as Enterprise Zone and Brownfield Zone designations? Third, what is the effect of participation in the VCP on property values? We use data from Colorado's VCP to answer these questions. We find that most of the properties enrolled in this program were not previously listed on EPA's contaminated site registries, and that most applicants seek to obtain directly a . The main determinants of participation are the size of the parcel and whether the surrounding land use is primarily residential, while other incentives have little effect. Properties with confirmed contamination sell at a 4. Taken together, these findings suggest that the participating properties are those with high development potential, and hint at the possibility that owners or developers may be seeking to obtain a clean bill of health from the State with only minimal or no cleanup efforts. Were these findings confirmed with data from other states, they would raise doubts about the effectiveness of voluntary programs in encouraging remediation and their usefulness in reversing some of the undesired effects of the Superfund legislation. Number of Pages in PDF File: 3. Keywords: Brownfields, Contaminated sites, Voluntary cleanup programs, Incentives JEL Classification: R1. Q5. 8, K3. 2
Program overview lays out the basics of each state’s voluntary response program and any other brownfields related cleanup programs It provides program titles and contact information for each state program, and discusses. Craig Lugowski USA Environment, L.P. 17301 West Colfax Avenue, Suite 152 Golden, Colorado 80401 Re: Voluntary Cleanup Plan Approval for the 13th street Plaza site. Voluntary Cleanup Program cc: Site File RV130403-1. The Voluntary Cleanup and Redevelopment Program was created in 1994 to facilitate the redevelopment and transfer of contaminated properties. The program provides timely (45 days) review of cleanup plans submitted by property. What Drives Participation in State Voluntary Cleanup Programs? Evidence from Oregon Allen Blackman, Sarah Darky, Thomas P. Alberini finds that Colorado's VCP mainly attracts sites with minimal contamina-. Voluntary Cleanup Program The Texas VCP provides administrative, technical, and. We’d like to thank you for your interest in the Colorado Brownfields Partnership. Colorado also offers financial incentives in.
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