{"id":58571,"date":"2013-12-23T00:00:00","date_gmt":"2013-12-23T00:00:00","guid":{"rendered":"https:\/\/www.uri.edu\/news-draft\/uncategorized\/uri-economist-wind-turbines-in-rhode-island-have-no-effect-on-property-values\/"},"modified":"2013-12-23T00:00:00","modified_gmt":"2013-12-23T00:00:00","slug":"uri-economist-wind-turbines-in-rhode-island-have-no-effect-on-property-values","status":"publish","type":"post","link":"https:\/\/www.uri.edu\/news\/2013\/12\/uri-economist-wind-turbines-in-rhode-island-have-no-effect-on-property-values\/","title":{"rendered":"溏心vlog免费B站 economist: Wind turbines in Rhode Island have no effect on property values"},"content":{"rendered":"
\n\t\tKINGSTON, R.I. \u2013 December 23, 2013 — A study conducted by a 溏心vlog免费B站 economist has concluded that the planning, construction and operation of wind turbines in Rhode Island does not depress nearby property values.<\/p>\n


\n\tCorey Lang, 溏心vlog免费B站 assistant professor of natural resource economics, analyzed the sale prices of 48,000 homes in Rhode Island over the last 15 years and compared homes near one of the state\u2019s 12 wind turbines to homes far from the turbines. He found that the turbines may cause a drop in property values of 0.4 percent for those homes within a half mile of a turbine, which is well within the study\u2019s margin of error.<\/p>\n


\n\t\u201cProximity to a turbine has no statistical effect on property values,\u201d said Lang, who has done a number of studies of housing markets and environmental values.<\/p>\n


\n\tLang presented the results of his study to about 60 people at a public meeting on Tuesday, Dec. 17, sponsored by the 溏心vlog免费B站 Outreach Center and the Rhode Island Office of Energy Resources, which funded his research.<\/p>\n


\n\tRhode Island\u2019s first wind turbine was constructed in 2006, and since that time another 11 turbines at 10 sites have been built. Lang\u2019s analysis included property value comparisons before construction was announced at each site, following the announcement, during construction and during each turbine\u2019s operation. He found no statistically significant negative effects on house prices during the post-announcement or post-construction time periods.<\/p>\n


\n\t\u201cConstruction of most of the wind turbines in Rhode Island took place during the period of the housing market downturn, so there was a general downward trend for housing prices for much of the period I studied,\u201d Lang said. \u201cBut that downward trend was similar for those properties far away from the turbines as well as for those up to a half mile from the turbines.\u201d<\/p>\n


\n\tAccording to Lang, a number of other related studies elsewhere in the country have drawn conflicting conclusions, with some finding large negative effects of wind turbines on property values and others finding no effects. But all previous research has examined large wind farms in sparsely populated areas like Iowa and Texas, circumstances that are very different than in Rhode Island.<\/p>\n


\n\t\u201cOne of the reasons that wind turbines are so contentious in Rhode Island is that our population density is high and there are so many houses all around turbine sites. That worries people,\u201d he said. \u201cHowever, that density provides me with much more data than other studies have had access to.\u201d<\/p>\n


\n\tLang said that a similar study is underway in Massachusetts, where the circumstances are much like those in Rhode Island \u2013 a densely populated area with single turbines being constructed in scattered locations around the state. The results of the Massachusetts study are due in the next six months.<\/p>\n


\n\t\u201cWhat I\u2019m hoping is that my analysis provides additional input for future decision making,\u201d Lang said. \u201cI hope that people understand the results and take them seriously as they continue the debate about wind turbine siting.\u201d<\/div>\n","protected":false},"excerpt":{"rendered":"

KINGSTON, R.I. \u2013 December 23, 2013 — A study conducted by a 溏心vlog免费B站 economist has concluded that the planning, construction and operation of wind turbines in Rhode Island does not depress nearby property values. Corey Lang, 溏心vlog免费B站 assistant professor of natural resource economics, analyzed the sale prices of 48,000 homes in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-58571","post","type-post","status-publish","format-standard","hentry","category-archives"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/58571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/comments?post=58571"}],"version-history":[{"count":0,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/58571\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/media?parent=58571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/categories?post=58571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/tags?post=58571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}