UK Case Study and Cost Model for Brownfields Remediation Site
Cost Model: Land Remediation
Building Magazine, November 27, 2009
When the housing market recovers, plenty of sites will require remediation. Many think this slow market provides the ideal opportunity to use innovative, sustainable techniques.
Contamination can prevent previously used land from being developed to its full potential. In particular, the costs of remediation can affect the viability of marginal sites that might otherwise be developed for housing. In the current market, local authorities have diminishing funds available to support development, and the sites themselves have declined in value. Developers also have limited cash and so are prevented from undertaking large-scale strategic projects. In addition, the corporate social responsibility agendas of some stakeholders are requiring a more sustainable approach to site remediation.
Duncan Sanders and Derek Vernon of Davis Langdon take a look at the commercial drivers to remediate a Brownfields site in the UK.
Read the article here.