Economic Impact of Growth Management Policies Surrounding the Chesapeake Bay
AbstractWhere land-use controls are advanced for use in environmental protection programs, strong political objections usually arise. To reduce this threat, Maryland's Critical Area Law was structured to provide landowners with equity preserving options and to present jurisdictions with the opportunity for future development. This paper studies the subject real estate markets during a six-year period before and after the law was implemented. The findings show that these objectives were achieved. Vacant land values did not decline; residential values grew significantly.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 68 (1992)
Issue (Month): 4 ()
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- Leung, Charles Ka Yui & Ma, Wai Yip & Zhang, Jun, 2013. "The Market Valuation of Interior Design and Developers strategies: a simple Theory and some Evidence," MPRA Paper 43896, University Library of Munich, Germany.
- Robert M. Hunt & Tim VandenBerg, 1998. "Discouraging Federal actions that reduce the value of private property: evaluating procedural and financial approaches," Working Papers 98-24, Federal Reserve Bank of Philadelphia.
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