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Does Small Dam Removal Effect Local Propoerty Values? An Emperical Analysis


Source: Contemporary Economic Policy
Volume: Vol 26 No. 2
Year: 2008

Abstract

This paper uses hedonic analysis to examine the impact of small dam removal on property values in south-central Wisconsin. Data on residential property sales wereobtained for three categories of sites: those where a small dam remains intact, thosewhere a small dam was removed, and those where a river or stream has been free flowing for at least 20 yr. The primary conclusions that emerge from the data arethat shoreline frontage along small impoundments confers no increase in residentialproperty value compared to frontage along free-flowing streams and that nonfrontage residential property located in the vicinity of a free-flowing stream is more valuablethan similar nonfrontage property in the vicinity of a small impoundment.


Author(s)

Porvencher, Bill; Helen Sarakinos, Tanya Meyer


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Dams, Dam Removal, and River Restoration: A Hedonic Property Value Analysis


Source: Contemporary Economic Policy
Volume: 26 No. 2
Year: 2008

Abstract

This article presents the results of a hedonic property value analysis for multiple hydropower sites along the Kennebec River in Maine, including the former site of the Edwards Dam in Augusta, Maine. The effect of the removal of the Edwards Dam on the Kennebec River in Maine is examined through consumer's marginal willingness to pay to be close to or distant from the dam site. Data from both before and after the dam was removed are used to estimate changes in marginal prices. A similar data set is also used to look at the effects of the remaining upstream dams on property values.
This article presents one of the first (to our knowledge) ex post analyses on the economic impact of dam removal on property values. As more privately owned dams in the United States come up for relicensing, evaluating the impacts with and without the dam will become increasingly important. This work can help inform those analyses.

 


Author(s)

Lynne Y. Lewis, Curtis Bohlen and Sarah Wilson


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Dam Removal and Historic Preservation: Reconciling Dual Objectives


Source: AR
Volume:
Year: 2008

Abstract

Too often advocates for river restoration through dam removal find themselves in the middle of a project and at odds with potential partners over matters of historic preservation. The goal of Dam Removal and Historic Preservation: Reconciling Dual Objectives is to help dam removal proponents and advocates for historic preservation work together more effectively to achieve their mutual goals, while building constructive relationships and successfully reconciling potentially competing objectives. This report combines a primer on Section 106 of the National Historic Preservation Act with methods for avoiding, minimizing, or mitigating the adverse effects of a dam removal project and concludes with real life case studies.

Available online at http://www.americanrivers.org/site/DocServer/Dam_Removal_and_Historic_Preservation.pdf?docID=8161 


Author(s)

Serena McClain, Stephanie Lindloff and Katherine Baer


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Demolish It and They Will Come: Estimating the Economic Impacts of Restoring A Recreational Fishery


Source: Journal of the American Water Resources Association
Volume: 44 (6)
Year: 2008

Abstract

This paper presents the results of an ex post survey of recreational anglers for the lower Kennebec River, post-Edwards Dam removal. To the best of our knowledge, this study represents one of the first ex post analyses of fisheries restoration from dam removal. We find significant benefits have accrued to anglers using the restored fishery. Specifically, anglers are spending more to visit the fishery, a direct indication of the increased value anglers place on the improved fishery. Anglers are also willing to pay for increased angling opportunities on the river. These findings have policy implications for other privately owned dams that are currently undergoing relicensing and ⁄ or dam removal considerations. Our findings may also hold implications for fisheries that have deteriorated due to historic dam construction.

 


Author(s)

Robbins, Jesse Lance and Lynne Y. Lewis


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