Should the public sector play a greater role funding brownfield redevelopment projects? A transatlantic comparison

ABSTRACT

In the US and Germany, various public funding tools are available to make brownfield redevelopment projects financially feasible. The practices of private or public sector involvement differ from an international perspective. The following discussion will explore funding practices in the US and Germany. In Germany, there is a long tradition of public sector involvement while the US is predominately driven by private sector funding. A comparison will help identify long-standing practices in Germany and how they might be adapted to the US context. In a manner similar to the previous chapter on policies and programs, findings in this chapter are discussed at federal US, state of Michigan and local municipal levels, and European Union, Germany, and local-level funding.

KEYWORDS:

• Brownfields
• public finance
• urban redevelopment
• public policy
• governance

Disclosure statement

No potential conflict of interest was reported by the authors.