Does Small Dam Removal Affect Local Property Values? An Empirical Analysis

Bill Provencher, Helen Sarakinos and Tanya Meyer

No 10280, Staff Papers from University of Wisconsin-Madison, Department of Agricultural and Applied Economics

Abstract: This paper uses hedonic analysis to examine the impact of small dam removal on property values in South-central Wiscosin. Data on residential property sales were obtained for three categories of sites: those where a dam is intact, those where a dam was recently removed, and those where the stream has been free-flowing for at least 20 years. The primary conclusions that emerge from the data are that residential property located in the vicinity of a free-flowing stream is more valuable than identical property in the vicinity of a small impoundment, and that shoreline frontage along small impoundments confers no increase in residential property value compared to frontage along free-flowing streams.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 18
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:wisagr:10280

DOI: 10.22004/ag.econ.10280

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