Category:
Property Values
An energy and environmental consultant hired by opponents of the proposed White Oak Wind Energy Center maintains Invenergy Wind LLC fails to meet several requirements for a special-use permit for the wind farm.
Tom Hewson of Energy Ventures Analysis Inc., Arlington, Va., spoke to the McLean County Zoning Board of Appeals during a hearing Wednesday night. He said the proposed 100-turbine wind farm in McLean and Woodford counties would be a detriment to the public because of noise levels and visibility.
Hewson said he did a “simple approach” simulation of one turbine to see how far a person had to be away from the turbine before it complied with Illinois’ noise regulations.
“At 750 feet away, it exceeded the range,” he said, noting that three property owners have asked for waivers to allow a turbine in about that range.
Hewson said it wasn’t until a person was 1,200 feet away from the turbine that the noise met Illinois’ requirements.
As a tourist who visits the area, I notice what is transparent to most locals, and for me the skyline of Fairhaven is priceless. If the citizens of Fairhaven allow the wind power project to be built at the current proposed location, I believe you will be making a terrible mistake. The town may gain some money in taxes and offset some electrical energy costs, but it will not offset the loss in green space and, more importantly, the beauty of Fairhaven's historic charm.
Researched and written by Eleanor Tillinghast of Green Berkshires Inc. this is a comprehensive study of the probable impact of industrial wind plants on the rural character, quality-of-life and economy of the Berkshires in western Massachusetts. Specific issues addressed include visual aesthetics, tourism, property values, public roads and public safety.
The Jordanville Wind Project’s 68 proposed wind turbines, which would stand nearly 400 feet tall, could have a visual impact on southern Herkimer County and as far away as Cooperstown.
A debate is emerging among residents about how the sight of the turbines would affect the beauty of the landscape, land values and tourism. Some think the impact will be small or nonexistent, while others believe there could be many downsides.
People visit the Cooperstown area not just for the National Baseball Hall of Fame and Museum, other museums and tourist attractions, but also for the scenic views, said Harry Levine of a citizens’ group called Advocates for Springfield.
“I think we have to be very careful how we treat this background landscape because it could have a long-term effect on tourism,” Levine said.
“People need to have an appreciation for the value of homes,” said Dodie Stark, an agent for Coldwell Banker Anchor Real Estate, in Oceana County. “For many, real estate is their biggest investment and a means to a secure retirement. Views are very important, especially in a resort area, and a group of 400-foot-tall wind turbines 500 feet from homes or cottages could have a devastating effect on property values.”
PUGWASH - A proposed wind farm near here would hurt the area's well-established cottage industry, a real estate agent said Thursday.
"This is cottage country and on its own it is a major industry that has resulted in property values doubling several times over in recent years, but we will see property values drop 30 to 50 per cent as soon as this project is approved," said Peter Finley.
"I've already seen buyers back away from deals and I know of people who have property in the area of the wind farm who have put their (development) plans on hold. They are scared that they will not be able to enjoy their property with a wind farm in their backyard."
Q. Even considering all of those factors or weaknesses, what is your conclusion regarding the impact on residential property values from the proposed project?
A. Under certain circumstances as described in my report, the negative impact may be similar. Also, in significant view loss situations, as described in my report, I would conclude that, within a reasonable degree of professional certainty, land values may be negatively impacted 17% - 20%.
Editor's Note: Mr. Zarem argues that the appropriate methodology for estimating the 'view' impact of industrial wind turbines on property values is 'paired data analysis'- defined in the The Dictionary of Real Estate Appraisal as: “A quantitative technique used to identify and measure adjustments to the sale prices or rents of comparable properties; to apply this technique, sales or rental data on nearly identical properties are analyzed to isolate a single characteristic’s effect on value or rent.” In the absence of relevant view/turbine data, he derived an alternative paired data analysis for determining view impacts on property values due to wind turbines from Transmission Line view impacts on the prices of single-family residential lots in subdivisions...as...sufficient paired data isolating the effects of view loss due to Transmission Lines exist in the marketplace to reach reasonable conclusions as to market tendencies. This data isolates impacts due to view loss associated with Transmission Lines.
Written by Douglas Giuffre, Jonathan Haughton, David Tuerck and John Barrett, this report analyses in economic terms the costs and benefits of a proposed 130 turbine wind plant in Nantucket Sound. It concludes that the economic costs substantially exceed the associated economic gains. This is a follow-up study to one published by Beacon Hill in October 2003 entitled "Blowing in the Wind: Offshore Wind and the Cape Cod Economy"
When the Siddells moved to rural Ayrshire, they hoped for a life of peace and quiet. Now, at night, they say they can’t hear the television properly because of the wind turbines that loom over their converted steading.
Tom Hewson takes a very comprehensive look at the development issues associated with the proposed Baileyville Wind Farm in Illinois.
The Beacon Hill Institute at Suffolk University has studied the Cape Wind proposal in considerable detail, and offers
the following comments on the Draft Environmental Impact Statement (DEIS) Reference file no. NAE-2004-338-
1. A systematic cost-benefit analysis – missing from the DEIS – shows that, with 90% confidence, the costs of the project outweigh the benefits by between $83 million and $333 million, with a mean measure of
net cost of $209 million (equivalent to 2.0 cents/kWh produced). This breaks down as: a. Cost of 9.06 cents/kWh (close to the DEIS estimate of 9.00 cents)
b. Benefit of 7.06 cents/kWh, of which the savings are: fuel (4.95), capital and operating costs, (0.98),
improvements in public health (1.02) and greater energy independence (0.10).
The project is of interest to a private developer only because of subsidies of 4.04 cents/kWh, via
accelerated depreciation allowances, Massachusetts “green credits,” and a possible Federal Production Tax
Credit.
2. The DEIS conclusion of “no adverse impacts to tourism and recreation” is not supported by the data.
a. The only tourism study considered in the DEIS, from Scotland, used a biased sample and does not report
the most relevant results (i.e. how many would be deterred, or attracted, by the windmills).
b. A Beacon Hill Institute survey of 497 randomly-selected tourists, undertaken in the relevant Cape Cod
towns in summer of 2003, found that 5% would visit the Cape less, and 1% would visit more if the
windmills were built. Using spending information, and an estimate of the number attracted to the Cape,
the BHI study found a net loss in spending on the Cape of at least $57 million annually.
3. The DEIS conclusion that the project would not adversely affect property values is based on a flawed
study, ignores other research, and is untenable.
a. The DEIS discussion relies primarily on a study by the Renewable Energy Policy Project (whose goal is to
“accelerate the use of renewable energy”) in 2003. Its conclusion that wind farms elsewhere in the United
States did not harm property values relies on the use of an inappropriate counterfactual, and is largely
based on much smaller projects.
b. Even if wind farms are associated with higher property values, this is likely attributable to increased tax
payments and royalties to local communities and owners – which makes them not comparable to the Cape
Wind case (no royalties, minor local tax payments).
4. The DEIS estimates of the value of health improvements are greatly exaggerated (at $53 million
annually). Our own estimates show health improvements of $7 million, and even this may be overstated.
a. The DEIS assumes that the Cape Wind project would offset the dirtiest power plants in Massachusetts.
This is incorrect, and it would be more appropriate to use the marginal emissions numbers from ISO-New
England, which show avoided emissions that are one fifth as high for NOx and one seventh as high for
SO2.
b. The DEIS uses outdated emissions data (from 2000 rather than 2002).
c. Even the $7 million may overstate the health benefits. BHI assumed that all of the output of the Cape
Wind project would offset fossil fuel generation and its associated air pollution. However, it has been
argued, convincingly, that the caps imposed by law and regulation on SO2 emissions would continue to be
binding, and so the wind farm output would not lead to a reduction in SO2 emissions overall.
This letter, written by Tom Hewson, responds to a New York State resident who had inquired about the impact of industrial wind turbines on property values. The letter specifically critiques the REPP study. It provides as well an overview of other studies that existed as of Fall 2003.
"The issue simply comes down to nuisance and aesthetics. If the project creates a nuisance (noise, shadow flicker, TV/cell phone interference, radar interference), it can cause lower property values to adversely affected areas. People can simply apply their own personal evaluation criteria to determine the extent of the property change. What would it be worth to you? Generally, the bigger the nuisance, the larger the devaluation. Localities can minimize nuisances from wind projects by setting minimum setbacks, proper location siting and noise limits. My concern with the REPP study is that it doesn't try to examine the nuisance effect by selecting a large 5 mile area."
Written by Jonathan Haughton, Douglas Giuffre and John Barrett, this report addresses the prospective impact on the Cape Cod economy of 130 wind turbines in Nantucket Sound. The study includes the responses of tourists and residents to the aesthetics of the proposed project as well as the result of a survey among tourists on the degree to which the project would influence their desire to visit the area. The authors conclude that 'caution' is in order. A follow-up study entitled "Free but Costly" An Economic Analysis of a Wind Farm in Nantucket Sound" was published in March 2004.
Klundert said many home builders strive for energy efficiency in their projects and are generally supportive of wind energy as a green technology.
However, 100-metre-high wind turbines aren't going to enhance home sales if located too close to planned residential areas, he said.
Wind turbines are probably comparable to hydro transmission towers in terms of negative impacts on nearby property values, he said, although wind turbines are two to three times higher than hydro towers. ...Ray Duhamel, of Jones Consulting Group of Oakville, said the draft planning policies in the county for wind energy provide a one-kilometre buffer between existing "settlement areas" and wind turbines. Klundert wondered if one kilometre would be enough to accommodate future growth and still have a reasonable buffer for homeowners worried about property values.
In the Williams/Whitcomb world of tabloid journalism, there is no room for thoughtful discussion, for weighing costs against benefits, for understanding that self-interest is at work on both sides of the issue or for any kind of honest discussion. Such thoughts would get in the way of the facile thinking and cynical blather that fills their book and that is now commonplace on TV, radio and the Internet. Do you find yourself bored now that Don Imus and Rosie O'Donnell are off the air? Does the Internet no longer meet your need for trash talk? Then read this book. You won't learn anything substantive from it, but it'll be great entertainment.
Laurie Lasater finds himself these days in an exquisite dilemma.
He reveres the right of property-owners to use their land as they see fit, yet he deplores the rush of ranchers to install huge wind turbines on vast rolling plains.
"The concerns are twofold," said the third-generation rancher, whose grandfather introduced the Beefmaster breed to South Texas. "First are property rights. The Texas and Southwestern Cattle Raisers Association stoutly defends private property rights, but wind farms not only affect the view, they also hurt land values.
"Second is the true cost of energy produced. For both ethanol and wind energy, the true cost is approximately double the cost of energy from other sources."
It might not be in perfect harmony, but a proposed wind farm and a planned lakeside subdivision hope to coexist together in Livingston County.
Plans to ban wind turbines within 1.5 miles of Chatsworth city limits with not stop Chicago-based Invenergy Wind from erecting the Pleasant Ridge Wind Farm nearby, a company representative said Tuesday.
Meanwhile, developers of a 900-acre lakeside subdivision in Chatsworth also expect to move forward, despite concerns that the wind farm could make the land a tough sell.
BEIJING (Reuters) - Chinese police opened fire on villagers protesting against the lack of compensation for land lost to a new wind farm in the southern province of Guangdong, local officials and residents said on Wednesday.
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