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DOES SMALL DAM REMOVAL AFFECT LOCAL PROPERTY VALUES? AN EMPIRICAL ANALYSIS

Authors

  • BILL PROVENCHER,

    1. Provencher: Professor, Department of Agricultural and Applied Economics, University of Wisconsin, Madison, Madison, WI 53706. Phone 608-262-9494, E-mail rwproven@wisc.edu
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      Support for this research was provided by the Charles Stewart Mott Foundation and the McKnight Foundation. For providing data and expertise, we thank Kate Anderson, Kristen Anderson, Matt Catalano, Sally Cobb, Andy Erdman, Kelly Felton, Joyce Fiacco, Matt Heinzel, Ken Johnson, Andy Morton, and Joe Van Berkel.

  • HELEN SARAKINOS,

    1. Sarakinos: Manager, River Restoration Programs, River Alliance of Wisconsin, 306 E. Wilson, Suite 2W, Madison, WI 53703. Phone 608-257-2424 ext.112, Fax 608-260-9799, E-mail hsarakinos@hotmail.com
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    • *

      Support for this research was provided by the Charles Stewart Mott Foundation and the McKnight Foundation. For providing data and expertise, we thank Kate Anderson, Kristen Anderson, Matt Catalano, Sally Cobb, Andy Erdman, Kelly Felton, Joyce Fiacco, Matt Heinzel, Ken Johnson, Andy Morton, and Joe Van Berkel.

  • TANYA MEYER

    1. Meyer: Graduate Student, Department of Urban and Regional Planning, University of Wisconsin, Madison, Madison, WI 53706. Phone 608-262-1004, E-mail tanyalmeyer@yahoo.com
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    • *

      Support for this research was provided by the Charles Stewart Mott Foundation and the McKnight Foundation. For providing data and expertise, we thank Kate Anderson, Kristen Anderson, Matt Catalano, Sally Cobb, Andy Erdman, Kelly Felton, Joyce Fiacco, Matt Heinzel, Ken Johnson, Andy Morton, and Joe Van Berkel.


Abstract

This paper uses hedonic analysis to examine the impact of small dam removal on property values in south-central Wisconsin. Data on residential property sales were obtained for three categories of sites: those where a small dam remains intact, those where a small dam was removed, and those where a river or stream has been free-flowing for at least 20 yr. The primary conclusions that emerge from the data are that shoreline frontage along small impoundments confers no increase in residential property value compared to frontage along free-flowing streams and that nonfrontage residential property located in the vicinity of a free-flowing stream is more valuable than similar nonfrontage property in the vicinity of a small impoundment. (JEL Q2, Q25, Q5, Q51)

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