Superfund Economics

NWI Times

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 Senator Booker’s bill: Superfund Polluter Pays Restoration Act of 2017 (S.2198).

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  • Libby April 2019

EPA removes a portion of Libby from the federal Superfund site

April 18th, 2019|Comments Off on EPA removes a portion of Libby from the federal Superfund site

A portion of Libby’s asbestos cleanup has been completed, with the EPA removing that area from the list of federal Superfund sites. Read more here.

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Virginia, EPA to recoup nearly $64 million for Portsmouth Superfund site

March 10th, 2019|Comments Off on Virginia, EPA to recoup nearly $64 million for Portsmouth Superfund site

After years of wrangling over who should pay to clean up a Superfund site on the Southern Branch of the Elizabeth River, a proposed settlement would reimburse Virginia and the U.S. Environmental Protection Agency nearly [...]

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Community Leaders Travel to D.C. to Demand EPA Action at their Superfund Sites

March 6th, 2019|Comments Off on Community Leaders Travel to D.C. to Demand EPA Action at their Superfund Sites

Leaders from fence line communities met with EPA representatives Tuesday, March 5th at EPA Headquarters in Washington, D.C. to push for action at their Superfund sites. “We need action in our communities where people are [...]

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EPA Should Improve the Reliability of Data on National Priorities List Sites Affecting Indian Tribes

March 3rd, 2019|Comments Off on EPA Should Improve the Reliability of Data on National Priorities List Sites Affecting Indian Tribes

EPA's National Priorities List sites are some of the most contaminated places in the country. They may pose unique challenges for Indian tribes. For example, toxic substances in 2 New York rivers pose a threat [...]

Put the Super back into Superfund