Hazardous Waste Site Cleanup and Neighborhood Redevelopment: An Opportunity to Address Multiple Socially Desirable Goals

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Abstract
The United States' hazardous waste site remediation programs are being challenged for lacking cost‐effectiveness. We argue that these expensive programs will be more cost‐effective and viable politically if economic and social analyses are included explicitly in risk analyses. Using data from surveys of people living within one‐half‐mile of seven hazardous waste sites, we show that some neighborhoods offer the opportunity for joint site remediation and neighborhood redevelopment programs. Mechanisms are suggested that would permit the United States Environmental Protection Agency to implement neighborhood environmental and redevelopment programs.