The Land Premium in Eugene/Springfield: Determining the Price Differentials of brownfield and greenfield parcels and the impact of the Enterprise Zone
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Date
2006-06
Authors
Bricker, Ryan
Simantel, Jeremy
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon
Abstract
Using a hedonic pricing model, our research is twofold: One, we attempt to
statistically estimate the market premium greenfield sites have over
brownfield and possibly grayfield sites; and two, we analyze the West Eugene
and Springfield Enterprise Zones’ ability to increase the value for these
sites. Our results indicate that there is no statistical evidence of a
greenfield premium. Further, there is no evidence of brownfield properties
selling at discounts relative to other parcels. The Enterprise Zone itself
appears to have a negative impact on industrial properties selling prices.
Description
36 p. An Honors Paper presented to the Department of Economics in 2006.
Adviser: Bruce Blonigen