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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1672 |
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This requires the risks associated with Brownfield sites with chemical contamination to be addressed before the sites can be redeveloped.
The valuation of undeveloped land can be one of the most challenging appraisal assignments. One of the reasons can be the uncertainty of its highest and best use...
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One of the reasons can be the uncertainty of its highest and best use. Another is the uncertainty of the timing of its highest and best use, due to business cycles and other factors. The assignment becomes even more challenging when it is found that the land is seriously contaminated. The contamination might alter both the highest and best use of the land and the time required to obtain the regulatory approvals that are required to develop the site...
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