The Economic Impacts of Soil Contamination in Wenatchee, WA

Abstract

This study determines the economic impacts of soil contamination as a result of historical pesticide use in Wenatchee, WA. A hedonic regression analysis of home values before, during, and after cleanups of six contaminated schoolyards demonstrates the public’s willingness to pay for remediated soil as a housing amenity. A qualitative analysis of media coverage of the contamination and cleanups confirms public awareness and categorizes public perception of risk. Results show a significant positive price effect following remediation, and benefit-cost analysis enumerates sizable private and public financial losses incurred as a result of remediation delay

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