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

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.


Issue Date:
2006
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/10280
Total Pages:
18
Series Statement:
Staff Paper Series No. 501




 Record created 2017-04-01, last modified 2017-08-23

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