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Superfund


   

Redevelopment Economics

reuse at Macgillis and gibbs

New Brighton Corporate Park III, on the former MacGillis & Gibbs Superfund site, is one of the leading examples of mixed-use Superfund redevelopment in the nation, employing 550 people and generating $1.2 million annually in property taxes. [2010]

Overview

Communities reuse Superfund sites in many ways – new parks, shopping centers, athletic fields, wildlife sanctuaries, manufacturing facilities, residences, and new roads and infrastructure centers, are just a few examples. EPA can work with communities throughout the cleanup process to make sure future users at these sites will be safe.

Many reuse outcomes can play a role in economically revitalizing a community, by providing on-site jobs and providing economic opportunities. EPA looks at many types of economic impacts at Superfund sites including:

  • Number of on-site jobs.
  • Annual employment income from on-site jobs.
  • On-site property value information.
  • Local property tax revenues.
  • Other economic impacts that are unique to specific sites.

EPA captures these economic benefits at Superfund sites in three ways:

  • SRI tracks general estimates on the numbers of on-site jobs, income from jobs and sales revenue data for a number of sites in retail, commercial or industrial reuse to give a general overview of the national impacts associated with Superfund redevelopment. 
  • SRI writes local impact case studies that allow for a site-specific approach to gathering more complete information related to reuse, employment and other economic impacts.
  • Some communities provide EPA with economic information during the development of in-depth case studies, which is highlighted in the reports.