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The Impact of Man‐Made Lakes on Residential Property Values: A Case Study and Methodological Exploration
Author(s) -
Day J. C.,
Gilpin J. R.
Publication year - 1974
Publication title -
water resources research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.863
H-Index - 217
eISSN - 1944-7973
pISSN - 0043-1397
DOI - 10.1029/wr010i001p00037
Subject(s) - property value , property (philosophy) , residential property , value (mathematics) , land values , geography , hydrology (agriculture) , environmental science , water resource management , civil engineering , land use , geology , engineering , mathematics , geotechnical engineering , law , regional science , political science , statistics , real estate , philosophy , epistemology
Dams and reservoirs are often partially justified on the basis of an intangible benefit related to the property value changes that they allegedly induce. This assumption is tested by using the G. Ross Lord Dam and parkland on the west Don River in Toronto. The project had virtually no impact on residential property values in the summer of 1972 while the dam was under construction. The magnitude of the social benefit related to the residential land value changes induced by such a project is considered.