Redevelopment Economics

Skills and services:

• Economic impacts of smart growth and urban redevelopment
• Environmental impacts of smart growth and urban redevelopment
• Fiscal cost-effectiveness and cost-benefit analysis
• Economic impact of sports facilities and tourist attractions

Download our qualifications for economic, fiscal, and environmental impacts analysis.

Illustrative Projects:

Economc, Fiscal, and Environmental Impact of the New York Brownfields Cleanup (tax credit) Program. Our report is being used to support renewal of BCP, which would be key incentive for the proposed redevelopment of the Glendale Power Plant in Yonkers (above).  See the links here for the Full Report and here for the Executive Summary.

Other recent projects:

• "The Economic and Fiscal Impact of Wisconsin's Brownfields Investments," co-authored by Redevelopment Economics and the University of Wisconin Fiscal and Economic Research Center. A report summary is also available here.
  
• RE report on the federal "Brownfields Tax Incentive - Case Studies and Economic Impact" released at the National Brownfields Conference
• Evans Paull presented "Brownfields Metrics - Selling Brownfields through Impact Analysis" at the National Brownfieelds Conferemce
• Assessed the impacts a New Markets Tax Credit project, the Enterprise Building, Brockton, MA for the Real Estate Research Group
  
• Assessed the Economic Impacts of the Oregon Brownfields Program for the Oregon Department of Economic Development (with ECONorthwest) 
  
• "Economic, Fiscal, and Environmental Impacts of the Massachusetts Brownfields Tax Credit." The report summary is posted here; see also an excerpt on infrastructure cost savings attributable to the tax credit
• Assessed the fiscal and economic impacts of the proposed Powhatan Place redevelopment in Ranson, WV (w/ Stromberg/Garrigan & Associates, Inc.)
• Carried out a Cost-Benefit Analysis for the TIGER Infrastructure investments needed to support the $1.4 billion Westport Waterfront TOD project.  Among other factors, we estimated and monetized the CO₂reduction attributable to the project’s smart growth attributes (lower vehicle miles traveled)
• Co-authored the Economic and Environmental Benefits of the Maryland Historic Tax Credit Program and published the Environmental and Energy Conservation Benefits of the Maryland Historic Tax Credit Program, both for the Abell Foundation
• Published the Energy Benefits of Urban Infill, Brownfields, and Sustainable Urban Redevelopment for Northeast-Midwest Institute
• Published the Environmental and Economic Impacts of Brownfields Redevelopment for  Northeast-Midwest Institute
• Analyzed the Economic Impacts of Tourism, Baltimore’s Inner Harbor for Baltimore City Planning

RE's Wisconsin Brownfields Impact Report featured the Beloit Iron Works project

Fiscal and economic impacts of Powhatan Place, Ranson, WV

 Cost-Benefit analysis for Westport Waterfront revealed $448 million in net benefits to the US.

When with the Baltimore City Department of Planning, Mr Paull authored a report that helped launch the back-to-downtown stadium movement- "The Economic Impact of Oriole Park at Camden Yards, the Results of a Fan Spending Survey," 1992.