Superfund Economics
NWI Times
Proximity to a Superfund site can have a strong negative impact on property values, as the negative connotation associated with the toxicity of Superfund sites can keep people from wanting to buy housing on or near them. Lower housing prices are often correlated with lower spending trends, and ultimately lower economic growth. Many communities that are affected by Superfund sites are already low-income, therefore the effects of Superfund on the socioeconomic status of affected communities can worsen pre-existing economic issues.
The EPA’s Superfund Redevelopment Initiative works to redevelop and reuse formerly contaminated Superfund sites. The reclamation of this land has been shown to be beneficial to local economies, with increases in the number of on-site jobs, employment income from on-site jobs, property values, property tax revenue, and the number of businesses. All of these factors can help to revitalize the economies of communities affected by Superfund sites.
Put the Super back into Superfund
Want to see polluters pay for their messes rather than taxpayers? Contact your representatives and tell them to support Rep. Earl Blumenaur’s bill: Superfund Restoration Act (H.R. 4088).
Brunswick Residents Living Next To A Superfund Site Worry About Cleanup 40 Years Later
Jasmin Buggs reeled in her line and looked with dismay at the bare metal hook. The shrimp bait was gone — again. Likely it was yanked off by a stealthy stingray or nabbed by a [...]
Can Biden’s Infrastructure Plan Save the Superfund Program?
As Biden deliberated where to unveil the American Jobs Plan in late March, Pittsburgh was an obvious choice. A former manufacturing mainstay, it was where Biden launched his presidential campaign two years ago, in a [...]
N.J. has the most Superfund sites. Tax industry to clean them up, top Democrat says.
Rep. Frank Pallone Jr. on Tuesday introduced legislation to renew a federal tax on the oil and chemical industries to fund the cleanup of Superfund sites, of which New Jersey has more than any other state. [...]
Blumenauer Introduces Legislation to Reinstate Superfund Taxes; End 25-Year Polluter Tax Holiday That Slowed Toxic Cleanup
WASHINGTON, D.C. – Today, U.S. Rep. Earl Blumenauer (D-OR), a senior member of the House Ways and Means Committee, introduced the Superfund Reinvestment Act to require polluters to pay for the cleanup of toxic and hazardous waste sites [...]
