The Impact of Wind Power Projects on Residential Property Values ...

More documents

Recommendations

Info

A.1 WAOR Study Area: Benton and Walla Walla Counties (Washington), and Umatilla County (Oregon) Figure A - 2: Map <strong>of</strong> WAOR Study Area Note: “Sold Homes” include all sold homes both before and after construction. Area Description This study area combines data from the three counties - Benton and Walla Walla in Washington, and Umatilla in Oregon - that surround the Vansycle Ridge, Stateline, Combine Hills, and Nine Canyon wind projects. <strong>Wind</strong> development began in this area in 1997 and, within the sample <strong>of</strong> wind projects, continued through 2003. In total, the wind facilities in this study area include 582 turbines and 429 MW <strong>of</strong> nameplate capacity, with hub heights that range from 164 feet to almost 200 feet. <strong>The</strong> wind facilities are situated on an East-West ridge that straddles the Columbia River, as it briefly turns South. <strong>The</strong> area consists <strong>of</strong> undeveloped highland/plateau grassland, agricultural tracks for winter fruit, and three towns: Kennewick (Benton County), Milton- Freewater (Umatilla County), and Walla Walla (Walla Walla County). Only the first two <strong>of</strong> these towns are represented in the dataset because Walla Walla is situated more than 10 miles from the nearest wind turbine. Also in the area are Touchet and Wallula, WA, and Athena, OR, 84
all very small communities with little to no services. Much <strong>of</strong> the area to the North and South <strong>of</strong> the ridge, and outside <strong>of</strong> the urban areas, is farmland, with homes situated on small parcels adjoining larger agricultural tracts. Data Collection and Summary Data for this study area were collected from a myriad <strong>of</strong> sources. For Benton County, sales and home characteristic data and GIS parcel shapefiles were collected with the assistance <strong>of</strong> county <strong>of</strong>ficials Eric Beswick, Harriet Mercer, and Florinda Paez, while state <strong>of</strong>ficial Deb Mandeville (Washington Department <strong>of</strong> State) provided information on the validity <strong>of</strong> the sales. In Walla Walla County, county <strong>of</strong>ficials Bill Vollendorff and Tiffany Laposi provided sales, house characteristic, and GIS data. In Umatilla County, county <strong>of</strong>ficials Jason Nielsen, Tracie Diehl, and Tim McElrath provided sales, house characteristic, and GIS data. Based on the data collection, more than 8,500 homes are found to have sold within ten miles <strong>of</strong> the wind turbines in this study area from January 1996 to June 2007. Completing field visits to this number <strong>of</strong> homes would have been overly burdensome; as a result, only a sample <strong>of</strong> these home sales was used for the study. Specifically, all valid sales within three miles <strong>of</strong> the nearest turbine are used, and a random sample <strong>of</strong> those homes outside <strong>of</strong> three miles but inside <strong>of</strong> five miles in Benton County and inside ten miles in Walla Walla and Umatilla Counties. This approach resulted in a total <strong>of</strong> 790 sales, with prices that ranged from $25,000 to $647,500, and a mean <strong>of</strong> $134,244. Of those 790 sales, 519 occurred after wind facility construction commenced, and 110 could see the turbines at the time <strong>of</strong> sale, though all but four <strong>of</strong> these homes had MINOR views. No homes within this sample were located within one mile <strong>of</strong> the nearest wind turbine, with the majority occurring outside <strong>of</strong> three miles. Area Statistics Study Period Begin Study Period End Number <strong>of</strong> Sales Median Price Mean Price Minimum Price Maximum Price 1/23/1996 6/29/2007 790 $ 125,803 $ 134,244 $ 25,000 $ 647,500 Facility Statistics Facility Name Number <strong>of</strong> MW Number <strong>of</strong> Turbines Announce Date Construction Begin Date Completion Date Turbine Maker Hub Height (Meters) Vansycle Ridge 25 38 Aug-97 Feb-98 Aug-98 Vestas 50 Stateline <strong>Wind</strong> Project, Phase I (OR) 83 126 Jun-00 Sep-01 Dec-01 Vestas 50 Stateline <strong>Wind</strong> Project, Phase I (WA) 177 268 Jun-00 Feb-01 Dec-01 Vestas 50 Stateline <strong>Wind</strong> Project, Phase II 40 60 Jan-02 Sep-02 Dec-02 Vestas 50 Nine Canyon <strong>Wind</strong> Farm 48 37 Jun-01 Mar-02 Sep-02 Bonus 60 Combine Hills Turbine Ranch I 41 41 Apr-02 Aug-03 Dec-03 Mitsubishi 55 Nine Canyon <strong>Wind</strong> Farm II 16 12 Jun-01 Jun-03 Dec-03 Bonus 60 Source: AWEA & Ventyx Inc. 85
Page 1 and 2:
LBNL-2829E ERNEST ORLANDO LAWRENCE
Page 3 and 4:
LBNL-2829E The <st
Page 5 and 6:
Table of Contents
Page 7 and 8:
List of Tables Tab
Page 9 and 10:
Acknowledgements The</stron
Page 11 and 12:
This report builds on the previous
Page 13 and 14:
Table ES-2: Impact
Page 15 and 16:
Figure ES-3: Base Model Results: Sc
Page 17 and 18:
In the Distance Stability Model, fo
Page 19 and 20:
1. Introduction Wind</stron
Page 21 and 22:
model 7 and uses various forms <str
Page 23 and 24:
A particularly useful application <
Page 25 and 26:
Using different statistical methods
Page 27 and 28:
Table 1: Summary of</strong
Page 29 and 30:
By using a variety of</stro
Page 31 and 32:
minimum of 164 fee
Page 33 and 34:
3.2.2. GIS Data GIS data on parcel
Page 35 and 36:
In addition to the qualitative VIEW
Page 37 and 38:
with the rest of t
Page 39 and 40:
Figure 4: Frequency of</str
Page 41 and 42:
4. Base Hedonic Model This section
Page 43 and 44:
impose the least structure on the u
Page 45 and 46:
of the home, home
Page 47 and 48:
etween the reference study area (WA
Page 49 and 50:
Figure 7: Results from the Base Mod
Page 51 and 52: 5. Alternative Hedonic Models <stro
Page 53 and 54: concentrated inside of</str
Page 55 and 56: all other components are as defined
Page 57 and 58: the distance from them might not oc
Page 59 and 60: explanation is that the additional
Page 61 and 62: 6) More than four years after const
Page 63 and 64: Table 19: Results from Temporal Asp
Page 65 and 66: Turning to the coefficient differen
Page 67 and 68: Table 21: Frequency Crosstab <stron
Page 69 and 70: 5.6.1. Dataset and Model Form Data
Page 71 and 72: with the scenic vista. In other wor
Page 73 and 74: 6. Repeat Sales Analysis In general
Page 75 and 76: Table 27: List of
Page 77 and 78: adjustment, and represent another t
Page 79 and 80: that are located within one mile <s
Page 81 and 82: 7. Sales Volume Analysis Th
Page 83 and 84: Figure 11: Sales Volumes by PERIOD
Page 85 and 86: three years before announcement), a
Page 87 and 88: 8. Wind Pr
Page 89 and 90: Drawing from the previous literatur
Page 91 and 92: Taken together, the results from al
Page 93 and 94: 9. Conclusions Though surveys gener
Page 95 and 96: Davis, L. W. (2008) The</st
Page 97 and 98: LeSage, J. P. (1999) The</s
Page 99 and 100: Watson, M. (2005) Estimation <stron
Page 101: Figure A - 1: Map of</stron
Page 105 and 106: A.2 TXHC Study Area: Howard County
Page 107 and 108: Census Statistics Name Type 2007 Po
Page 109 and 110: Data Collection and Summary County
Page 111 and 112: A.4 IABV Study Area: Buena Vista Co
Page 113 and 114: Variables of Inter
Page 115 and 116: facilities than the towns o
Page 117 and 118: A.6 WIKCDC Study Area: Kewaunee and
Page 121 and 122: elatively high elevations o
Page 123 and 124: A.8 PAWC Study Area: Wayne County (
Page 125 and 126: Census Statistics Name Type 2007 Po
Page 127 and 128: ural landscapes, with the largest p
Page 129 and 130: A.10 NYMC Study Area: Madison Count
Page 133 and 134: account, combined with the determin
Page 135 and 136: Appendix C: Field Data Collection I
Page 137 and 138: Figure A - 14: Field Data Collectio
Page 139 and 140: ABOVE AVERAGE VISTA PREMIUM VISTA 1
Page 141 and 142: EXTREME VIEW 6 turbines visible fro
Page 143 and 144: 5 is a vector of d
Page 145 and 146: values, that effect seems likely to
Page 147 and 148: unrestricted Home and Site Characte
Page 149 and 150: with coefficients above zero and th
Page 151 and 152: Figure A - 15: Histogram of
Page 153 and 154:
The M Distance his
Page 155 and 156:
sold within the preceding six month
Page 157 and 158:
Appendix H: Alternative Models: Ful
Page 159 and 160:
Table A - 8: Full Results for the C
Page 161 and 162:
Table A - 10: Full Results for the
Page 163 and 164:
Table A - 11: Full Results for the
show all

The Impact of Wind Power Projects on Residential Property Values ...

Create successful ePaper yourself

Delete template?

Save as template?