Documents filed under Property Values from USA

Comments on the Draft Environmental Impact Statement for the Cape Wind Energy Project

Beacon_hill_comments_on_cape_wind_eis_thumb 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: 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). 2. The DEIS conclusion of “no adverse impacts to tourism and recreation” is not supported by the data. 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. 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.
17 Feb 2005

Review by Hugh Kemper of REPP's 'The Effect of Wind Development on Local Property Values'

Property_v_kemp_review_1__thumb It is noteworthy that this study does not answer the basic question of how wind turbines affect property values. George Sterzinger, executive director of REPP, admitted as much in response to critics who stressed that the study contains no proof that wind farms were the reason for the changes in property values: “ We have no idea”…noting REPP did not have enough time or money to answer that question. (Cape Cod Times 6/20/03).
1 Jun 2004

Review by Hugh Kemper of REPP's 'The Effect of Wind Development on Local Property Values'

Property_v_kemp_review_1__thumb It is noteworthy that this study does not answer the basic question of how wind turbines affect property values. George Sterzinger, executive director of REPP, admitted as much in response to critics who stressed that the study contains no proof that wind farms were the reason for the changes in property values: “ We have no idea”…noting REPP did not have enough time or money to answer that question. (Cape Cod Times 6/20/03).
1 Jun 2004

An Economic Analysis of a Wind Farm in Nantucket Sound

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"
15 May 2004

Wind turbines don't make good neighbors

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.
14 May 2004

Londonderry Resident Analyses Beacon Hill's Reports re. Glebe Mountain Environs

Becon_hill_htk_comments_thumb I have reviewed Beacon Hill’s two reports, i.e. 'Free But Costly: An Economic Analysis of A Wind Farm in Nantucket Sound" (March 2004) and ‘Blowing in the Wind' (October 2003) which focused primarily on tourism and property values. The complete reports are available from www.beaconhill.org. The following consists of two parts. Part I addresses some key findings as well as some thoughts on methodology. Part II focuses on what may or may not be applicable to Glebe.
1 May 2004

Best Practices - Wind Energy Siting Guidelines

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."
5 Nov 2003

Best Practices - Wind Energy Siting Guidelines

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."
5 Nov 2003

Blowing in the Wind: Offshore Wind and the Cape Cod Economy

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.
15 Oct 2003

The Effect of Wind Development on Local Property Values

This is the study by Renewable Energy Policy Project (REPP) that is often pointed to by wind developers as evidence that industrial wind turbines do not adversely impact property values. Its methodology has been widely discredited. Hoen's critique is of particular interest and is included below. Hoen's own study of Fenner is available via the link provided at the end of Hoen's comments.
15 May 2003

Economic Impacts of Wind Power in Kittitas County

Property_values_econorthwest_thumb Study Objectives Primary Analysis Questions: 1) Determine effect of wind turbines on residential property values 2) Determine economic impacts to local economy 3) Estimate new tax revenues for Kittitas County from proposed wind farm. This study along with the REPP study are the two most often cited by wind developers to support their claim that industrial windplants do not adversely affect property values.
30 Jan 2003

Local Reaction to the ECO-Northwest “Economic” Study Of Wind Farms

Daniel_mackay_1__thumb ECO-Northwest’s 1-month, $15,000 study, sponsored by the local business lobby organization, the Phoenix Group, has been met with deep skepticism in the Kittitas Valley. Regardless of how people feel about wind farms in this valley, most people recognize this report as simply a blatant endorsement of proposed local wind energy projects, bought and paid for by those behind these projects. A local newspaper story about ECO Northwest’s report titled “Are Wind Farm Benefits Full of Hot Air?” (The Yakima Herald-Republic, 10/2102) reflects this public skepticism about the impartiality of this study. The report makes the incredible claim that property values will not be affected and the unsubstantiated claim that the county will receive millions of dollars in increased revenue. Although the wind energy companies state that they will hire only 22 people, the report manages to inflate this to 53 jobs and claims that these people will somehow result in an additional $4.2m being spent within the county. ECO Northwest’s report also neglects to consider the effect of major wind farms on tourism, one of the most important factors in the local economy. It does not consider alternative locations for such projects, or alternative forms of renewable energy in Kittitas County, or whether the county will benefit from the power generated. Nor does it consider that the proposed location for these wind farms is an area that the city of Ellensburg will need for future expansion of its population, an area that will be closed off for housing if wind farms are built there.
1 Jan 2003

Impact of Views on Property Values

Impact_of_views_on_property_values_thumb The Tennessee Valley Authority proposes to construct and operate a wind farm in Tennessee. TVA also proposes to construct and operate a Regenesys™ Energy Storage facility near the selected wind farm site. The wind farm would demonstrate a technology for generating electric power with minimal environmental pollution to be marketed through TVA’s Green Power Switch® program and would consist of 13 to 16 wind turbines. The Regenesys facility would demonstrate an effective technology for storing the energy generated by the wind farm and releasing it at times of high energy demand. This final environmental assessment examines the potential effects of building on Buffalo Mountain in Anderson County (Alternative 1), building on Stone Mountain in Johnson County (Alternative 2), or not building a 20 MW wind farm and associated energy storage facility (Alternative 3). Appendix F: The Impact of Views on Property Values "Widely varying opinions have been expressed about the potential impact of windfarms on the value of nearby property. For example, the proposed (now cancelled) Addison Wind Farm in Wisconsin became controversial, in part, over allegations about property values. Opponents argued that property values would depreciate significantly if the wind farm were built (Don Behm, 2001). On the other hand, RENEWWisconsin quoted several persons representing the real estate industry in other places in Wisconsin and Iowa where wind projects had been built, saying that such projects had no impact on property values (RENEWWisconsin, 2000)....
1 Apr 2002

Impact of Views on Property Values

Impact_of_views_on_property_values_thumb The Tennessee Valley Authority proposes to construct and operate a wind farm in Tennessee. TVA also proposes to construct and operate a Regenesys™ Energy Storage facility near the selected wind farm site. The wind farm would demonstrate a technology for generating electric power with minimal environmental pollution to be marketed through TVA’s Green Power Switch® program and would consist of 13 to 16 wind turbines. The Regenesys facility would demonstrate an effective technology for storing the energy generated by the wind farm and releasing it at times of high energy demand. This final environmental assessment examines the potential effects of building on Buffalo Mountain in Anderson County (Alternative 1), building on Stone Mountain in Johnson County (Alternative 2), or not building a 20 MW wind farm and associated energy storage facility (Alternative 3). Appendix F: The Impact of Views on Property Values "Widely varying opinions have been expressed about the potential impact of windfarms on the value of nearby property. For example, the proposed (now cancelled) Addison Wind Farm in Wisconsin became controversial, in part, over allegations about property values. Opponents argued that property values would depreciate significantly if the wind farm were built (Don Behm, 2001). On the other hand, RENEWWisconsin quoted several persons representing the real estate industry in other places in Wisconsin and Iowa where wind projects had been built, saying that such projects had no impact on property values (RENEWWisconsin, 2000)....
1 Apr 2002

Final Report of the Township of Lincoln Wind Turbine Moratorium Committee

Life_near_wind_turbines_thumb Excerpts of the report are provide here. The full report is also available by clicking the documennt link on this page.at the bottom of this page. After the wind turbines went online in Kewaunee County, Wisconsin, the Lincoln Township Board of Supervisors approved a moratorium on new turbine construction. The purpose of the moratorium was to delay new construction of wind turbines for eighteen months, giving the township the opportunity to assess the impacts of the turbines installed by Wisconsin Public Service Corporation (WPSC) and Madison Gas and Electric (MG&E), which went online in June 1999.  
2 Jul 2001

http://www.windaction.org/posts?location=USA&p=3&topic=Property+Values&type=Document
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