Economic context of brownfields revitalization

Brownfields are old, unused sites and buildings located in urban areas and open countryside. This article deals with problems of brownfields that developed as a result of restructuring national industry, a decreased significance of primary and secondary industry, and the increase of tertiary industry. The main part of the article provides a complex evaluation of the costs and benefits connected with brownfields regeneration in comparison with building on greenfields. The presented model evaluates both alternatives from the municipality, investor and public interest points of view. In a conclusion, there is given a recommended procedure for brownfields regeneration. The first step is to create a database of brownfields which will be later followed by the evaluation of identified brownfields according to attractiveness for investors, usability of individual brownfields from the point of view of land use planning and also the search of financial resources for regeneration and evaluation of economic efficiency of brownfields revitalization.