
Project Report Submitted to the Faculty of the Bard Center for Environmental Policy..in partial fulfillment of the requirements for the degree of Master of Science in Environmental PolicyEditor's Note: There are two recurring themes in this study: (1) the results are applicable only to Fenner and (2) much more research is needed. What is clearly missing is a ‘sense of place’, a variable acknowledged by the author as important but left unaddressed. What we’re told is that Fenner is a ‘rural farming community’. We have no sense of what drives residents/prospective residents to live in (or, for that matter, to leave) Fenner. We have no sense of ‘public attitudes’, another variable the author clearly ties to property values but leaves unaddressed. What is noticeably missing are house sales within 0.75 miles of the wind plant, i.e. those that would presumably be most impacted by noise and shadow flicker. In the absence of more authoritative studies, we know from press reports associated with wind plants and wind plant applications that ‘opposition’ appears to be lowest in ‘farming’ communities in which farmers view the turbines as a ‘cash crop’ and local municipalities covet the related taxes. We also know from these sources that opposition is greatest in communities that have something to ‘protect’, i.e. treasured/scenic natural assets (ridgelines, shorelines, unique/sensitive habitats), tourist/second home based economies and/or wildlife. Where these are issues, it is hardly a ‘leap of faith’ to surmise that property values will fare comparatively worse than in communities where these issues don’t exist and that properties specifically impacted by the turbines (view/noise/shadow flicker, etc) will fare the worst. As the author readily concedes, ‘public attitudes’ is an important determinant of property values and the opposition within these communities often reflects the prevailing public attitude towards wind turbines. After all, LOCATION, LOCATION, LOCATION is what real estate is all about. Lastly, Hoen offers a useful critique (available below) of the REPP report that is often pointed to by wind turbine developers as evidence that wind plants do not adversely affect property values.
Property Values
Impact on Economy
New York