Brovencher, Bill (U of Wisconsin) Sarakinos, Helen (River Alliance of Wisconsin) Meyer, Tanya (U of Wisconsin)
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.
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Paper provided by University of Wisconsin, Agricultural and Applied Economics in its series Staff Paper Series with number
501.
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