Brownfields Investment Lifecycle
Jesse D. Silverstein, founder of the Colorado Brownfields Foundation used data from many redevelopment projects to create the Brownfields Investment Lifecycle. His research shows that for a property with potential contamination issues, the value of the real estate decreases over time if there is no information available to help define the imagined risk.
However, as additional knowledge of the site is gained through assessment, cleanup planning, and negotiation with regulatory agencies, the value of the property increases as unknowns decrease.