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).
Senior Superfund advisor Albert Kelly was banned from the banking industry but continued to correspond with them while he was overseeing the Superfund program. Read more.
The Superfund site made up of mine sites around Silverton contaminating the Animas River has been chosen to be part of a new pilot study that aims to speed up the Environmental Protection Agency’s cleanup [...]