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Stormwater Control Infrastructure and Residential Property Values

Camp Resources XIX August 6, 2012. AUTHORS:. Stormwater Control Infrastructure and Residential Property Values. Jessica Boatwright (Virginia Tech) Kurt Stephenson , PhD (Virginia Tech) Kevin Boyle , PhD (Virginia Tech)

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Stormwater Control Infrastructure and Residential Property Values

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  1. Camp Resources XIX August 6, 2012 AUTHORS: Stormwater Control Infrastructure and Residential Property Values Jessica Boatwright (Virginia Tech) Kurt Stephenson, PhD(Virginia Tech) Kevin Boyle, PhD(Virginia Tech) Sara NienoW(North Carolina Department of Environment and Natural Resources)

  2. Urban stormwater management in the United States • Conventional Infrastructure • Channelization and treatment • Green Infrastructure • Volume reduction • Rulemaking • Energy Independence and Security Act of 2007 • EPA national stormwater program http://www.deldot.gov/stormwater ian.umces.edu/imagelibrary

  3. Objective • To investigate property price effects of differing residential infrastructure design features that affect stormwater runoff • Cul-de-sacs • Curb-and-gutters • Wide streets

  4. The Data Retrieved 7.13.12 maps.google.com • Hanover County, VA • 1,363 transactions between 1995 and 1996 • Average sale price: $273,365 ($2011) • Chesapeake Bay Watershed Chesapeake Bay Landsat image

  5. Hedonic-price equation Key Variables: • Cul-de-sacs (CUL) • Curb-and-gutters (CURBGUTTER) • Street widths (STW≤30) • STW>30 is the omitted category LN(SP) = β0 + β1(SQFT) + β2(SQFT2) + β3(TOTALBATH) + β4(AGEWHENSOLD) + β8(OS12) + β9(OS12T) + β5(ACRES) + β6(ACRES2) + β7(BLGD12R) + β11-25 z’sd + β26(CUL) + β27(CURBGUTTER) + β28(STW≤30) + Β10(REC) + ε

  6. Estimation Results (Spatial Error Model)

  7. Results indicate for an average priced home of $273,365 that:

  8. Policy Implications Virginia Department of Conservation and Recreation Rhode Island Stormwater Solutions

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