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Economic Impact of Second-Home Communities: A Case Study of Lake Latonka, Pa

Author

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  • Brown, Richard N., Jr.

Abstract

This study describes the transformation of 1,275 acres of Pennsylvania farmland into a 1,600-lot second homesite subdivision with a 270-acre lake. The study estimates that the first $7 million of development activities at Lake Latonka could generate $14 million of business activity before 1970, with less than 40 percent of the total accruing to local businessmen. Financing of development activities is expected to have a significant impact on the local area. Variable use and special use expenditures of homesite buyers and their guests generated $2.6 to $6.7 million of economic activity during 1965-70, with half of this total accruing to local businessmen. After 1970, however, use expenditures are expected to generate $0.5 to $1 million annually. Maintenance expenditures, initially small, will produce $0.3 to $0.6 million of gross business activity annually by 1975. The report also discusses the new community's impact on real estate taxes and demand for public services from adjoining communities.

Suggested Citation

  • Brown, Richard N., Jr., 1970. "Economic Impact of Second-Home Communities: A Case Study of Lake Latonka, Pa," Miscellaneous Publications 323918, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:323918
    DOI: 10.22004/ag.econ.323918
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    File URL: https://ageconsearch.umn.edu/record/323918/files/ERS-452.pdf
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    Cited by:

    1. Lanier, Eleanor B., 1974. "Economics of Agriculture: Reports and Publications Issued or Sponsored by USDA's Economic Research Service, July 1971-June 1972," Miscellaneous Publications 321804, United States Department of Agriculture, Economic Research Service.

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