Transformations of Industrial Heritage: Insights into External Effects on House Prices

Duijn, Mark van; Rouwendal, Jan; Boersema, Richard

doi:10.2139/ssrn.2495411

Cited by 3 publications

(2 citation statements)

References 35 publications

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“…This urban remodelling can occur either by erasing the history of the brownfield, when negatively perceived, or by enhancing the site through an emblematic architectural project (ADI 2015). From the sociocultural perspective, redeveloping a brownfield site can act as a powerful tool to valorise abandoned cultural heritage (Berens 2011;Mieg and Oevermann 2014), creating, once again, positive impacts on neighbouring property values (Van Duijn et al 2014) (see also Chap. 5 for more detail on preservation of architectural heritage).…”

Section: Opportunities For the Environment Society And Economymentioning

confidence: 99%

The Multiple Potentials of Urban Brownfields

Rey

Laprise

Lufkin

2021

Neighbourhoods in Transition

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The phenomenon of urban brownfields is significant throughout European metropolitan areas. In this chapter, we assess, both in qualitative and quantitative terms, the inherent potential of urban brownfields to provide a relevant and substantial densification strategy for metropolitan areas. First, we explore the various opportunities for improvement of the built environment offered by urban brownfields in terms of environment, society, and economics, which are the core principles of sustainable development. This analysis is, inter alia, a juxtaposition between urban brownfields and the compact and polycentric city model, adapted to the metropolitan area. While brownfield regeneration appears to be a relevant densification strategy, it nevertheless implies that a sufficient reserve of land is available to engage policymakers. Thus, we attempt to estimate the urban brownfield stock in three countries: the United Kingdom, Switzerland, and France. The data subsequently serves as a basis for our calculation of the theoretical construction potential of brownfield sites.

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Section: Opportunities For the Environment Society And Economymentioning

confidence: 99%

The Multiple Potentials of Urban Brownfields

Rey

Laprise

Lufkin

2021

Neighbourhoods in Transition

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“…11 See the technical appendix of Van Duijn et al (2014) for a graphical overview of some of the industrial heritage sites. 12 The omitted variable bias caused by other unobserved investments or developments is likely to be less problematic using small distance rings compared to using neighborhoods.…”

Section: Alternative Specificationmentioning

confidence: 99%

Redevelopment of industrial heritage: Insights into external effects on house prices

Duijn

Rouwendal

Boersema

2016

Regional Science and Urban Economics

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Local policy makers seek ways to deal with abandoned industrial heritage in their jurisdictions. Many are demolished, but in some cases considerable investments are made to preserve the cultural aspects of industrial sites. The renewal plans are usually designed to stimulate urban renewal in the vicinity of these sites. Little seems to be known about the effectiveness of these policies. In this paper, we study whether the redevelopment of 36 industrial heritage sites in The Netherlands caused positive external effects by investigating the development of house prices in nearby residential areas. We use a difference-in-difference design by comparing quality-adjusted house prices in a predefined target and control area before the start, between the start and the completion and after the completion of the redevelopment. We also model the spatial and temporal dimensions of these external effects. We find that these dimensions matter substantially. We find that negative externalities on house prices before the start completely disappear after the start of the redevelopment of industrial heritage sites. We also find evidence for positive and local effects on house prices after the completion, but this result disappears when we remove the projects located in the largest cities.

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Sustainability Issues at the Neighbourhood Scale

Rey

Laprise

Lufkin

2021

Neighbourhoods in Transition

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We previously identified that urban brownfield regeneration projects are relevant strategies to limit urban sprawl while revitalizing portions of cities, namely mixed-use neighbourhoods. Moreover, these neighbourhoods in transition are opportunities to foster the implementation of sustainability objectives within European metropolitan areas. This chapter explore this subject by deepening the sustainability issues at the neighbourhood scale. To provide the basis for discussion, we first attempt to frame the urban sustainability concept and to explain how the neighbourhood scale is a means of action for cities. Then, we analyse the different sustainability issues according to a wide variety of parameters that must especially be taken into account during sustainable neighbourhood projects, and more precisely urban brownfield regeneration projects. These parameters cover the four pillars of sustainability—the environment, society, economy, and governance—and the polycentric reorganization of European metropolitan areas.

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Transformations of Industrial Heritage: Insights into External Effects on House Prices

Cited by 3 publications

References 35 publications

The Multiple Potentials of Urban Brownfields

The Multiple Potentials of Urban Brownfields

Redevelopment of industrial heritage: Insights into external effects on house prices

Sustainability Issues at the Neighbourhood Scale

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