打印

作者

来源

LANDSCAPE AND URBAN PLANNING,Vol.185,P.158-162

语言

英文

关键字

Stream restoration; Hedonic; Repeat sales model; Attributes; Property sale price; PUBLIC-GOODS; SPACE

作者单位

[Netusil, Noelwah R.; Jarrad, Maya] Reed Coll, Dept Econ, 3203 SE Woodstock Blvd, Portland, OR 97202 USA. [Moeltner, Klaus] Virginia Tech, Dept Agr & Appl Econ, 312 Hutcheson Hall, Blacksburg, VA 24060 USA. Netusil, NR (reprint author), Reed Coll, Dept Econ, 3203 SE Woodstock Blvd, Portland, OR 97202 USA. E-Mail: netusil@reed.edu

摘要

Attributes of stream restoration projects, such as if restoration occurred in-stream or streamside, if the project site was purchased and permanently protected from development, or if there is public access, may affect the sale price of nearby properties. We use a repeat-sales model to estimate the effect of eight project attributes for 209 restoration projects in the Johnson Creek Watershed, Oregon. Estimated effects are found to vary by attribute, distance, and project phase. In-stream restoration efforts are positive while restoration that occurs streamside has mostly negative effects. Nearby property owners experience positive effects if land is purchased for the project, and if recreation facilities are available on site, but negative effects if restoration involves heavy machinery. The effects of some project attributes are capitalized even before restoration work begins.