Wisconsin Brownfield Redevelopment Impact Study
What is the impact of brownfield redevelopment?
That is a deceptively simple question.
An absurdly simple answer: “Impact that matters.”
Wisconsin passed the “Land Recycling Law” in 1994. Statewide efforts to leverage the law over the subsequent years have gained national attention for “consistently appearing at the forefront of brownfield redevelopment activity” (International Economic Development Council).
Through approximately $162 million in local, state and federal grants and incentives since 1998, Wisconsin’s public investments have generated impacts like these:
|2015 Impact Study Findings of ROI on Past Brownfield Investments|
||$7.6 billion in direct and indirect|
|Employment:||53,800 in direct and indirect permanent jobs|
||66% of assisted sites located in low-to-moderate income census tracts|
|Local Fiscal Benefits:
||Post-redevelopment assessed values exceed pre-development values 3.5 to 1|
|State Fiscal Benefits:
||$208 million in direct and indirect revenues (14-fold ROI)|
||Reduced by 16-28% relative to alternative growth patterns|
||12,000 acres preserved relative to alternative greenfield development|
||4,713 acres of contamination assessed and / or cleaned up|
|Public Open Space:
||43 sites totaling 340 acres redeveloped as parks / open spaces|
||7,900 dwelling units redeveloped / built new|
Source: Economic and Fiscal Impact of Wisconsin’s Brownfield Investments. UW-Whitewater’s Fiscal and Economic Research Center and Redevelopment Economics. November 2015.
Get the full details, methodology and figures of this report commissioned by the “Wisconsin Brownfields Study Group” here: