Brownfield strategies can be cheaper but riskier than greenfield strategies.

Question

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Brownfield strategies often involve repurposing existing buildings or land that may have environmental contamination or structural issues, making them cheaper than starting a new development from scratch. However, these factors also make them riskier, as there may be unforeseen costs and complications that arise during the redevelopment process. Greenfield strategies involve developing on unused land, which may be more expensive but typically involve fewer unknowns and issues.

Brownfield Strategies Can Be Cheaper but Riskier Than Greenfield Strategies