This appraisal examines the impact of the Cardinal-Hickory Creek (CHC) Project on properties in the Village of Montfort in Wisconsin. The CHC is a proposed 345kV high voltage line that will run between 84-105 miles long traveling from Cassville to Middleton in Wisconsin. The project also includes a 22-acre substation. The CHC 345kV will carry energy from the proposed Red Barn wind farm and the Badger Hollow solar farm. The conclusion of impact cited from the report is provided below. The full report can be accessed by clicking the links on this page.
Documents filed under Property Values from Wisconsin
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.
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.
I am sure FPL Energy and Foley & Lardner will malign this evidence just as they have maligned everything else we have ever said or done. Let them bring on the proof that can convince you that our property values and indeed the tax base of the entire town will not decline if this project were to be built. If FPL Energy and its advocates cannot prove this important fact—then I believe the Plan Commission has a duty to protect all of us, our investments in our homes and property, the Town’s tax base and our future by DENYING FPL Energy’s request for a Conditional Use Permit.