Using GIS for Kenosha, WI Brownfield to Greenfield Investment Case Study
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GIS can be used to show investment potential and study previous data to estimate ROI and other financial criteria. By using GIS and Geocoding turned excel data sheet information about property values around an existing brownfield and park into mapped data that shows how property values changed over time in relation to distance from the brownfield as it was changed to a greenfield.
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Using GIS for Kenosha, WI Brownfield to Greenfield Investment Case Study
- 1. Brownfields to Greenfields Mapping an Investment Perspective A Case Study of Property Values around a cleanup site in Kenosha, WI by Sean Christofferson
- 2. Background Information What is a Brownfield? • A former industrial or commercial site where future use is affected by real or perceived environmental contamination. • Real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. What is a Greenfield? • An undeveloped site, esp. one being evaluated and considered for commercial development or exploitation
- 3. Total Brownfield sites: 450,000 to 1,000,000 • * Estimated number of vacant/contaminated sites, nationally – U.S. General Accounting Office, 2004
- 4. BROWNFIELD PROPERTY AMERICAN BRASS 1902 65TH STREET/1501 63RD STREET KENOSHA, WI 53143 EPA Registry Id: 110038699003
- 5. Geocoding Turned Excel Data into Shape or Map data • 891 Property Addresses in Excel Spreadsheet Form • Property Assessments for all 891 Property Addresses
- 6. Symbology Wanted to represent the changes in Home prices over time Assessments for: • Pre-1999 • 1999 • 2000 • 2005 • 2007
- 7. Results • $1,339,220.064 increase in annual property tax revenue • $45,989,700 increase in property assessment value from 99 - 07
- 8. Linchpin Effect In some instances, brownfields redevelopment is the catalyst or the linchpin that creates a positive environment for new investment and leads to transformation of entire neighborhoods and districts.
- 9. American Brass now looks like this:
- 10. See the Change over time by Color
- 12. A Special Thanks to Dr. Kaufman and the Economics Department • Assessment Data for over 800 properties around Greenfield • Condition Reports