economic valuation

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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