The Economic Impacts of Soil Remediation Efforts at Lead Arsenate Contaminated Sites in Yakima County: A Hedonic Approach
Year: 2020
Type: article
Abstract: Area-wide lead-arsenate contamination stemming from the widespread use of pesticides in the early 1900s poses a serious health risk to the residents of Yakima, Washington. Soil testing for contaminants resulted in the Department of Ecology funding the remediation of 6 elementary schools in Yakima, Washington where unsafe levels of lead and arsenic were found in the topsoil. This study will evaluate the impact that these remediation projects have had on nearby real estate values through the use of GIS analysis and multivariate hedonic pricing models. We expect to find a negative price effect on real estate values following the announcement of remediation efforts and a more significant positive price effect following the completion of the remediation. These price effects will be used in conducting a cost-benefit analysis. These findings can be used by policymakers to inform decisions regarding funding for future remediation efforts
Author: Seth Urbanski
Language: English
Topic: Housing Market and Economics
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Life on land
Open Access status: green
OpenAlex ID: W3038663444