PROPERTY VALUES: Company says Cape will suffer 40 percent decrease with 2 miles
A Chicago-based appraiser has decided that wind turbines in the town will depress property values of homes within two miles of turbines by up to 40 percent.
McCann Appraisal LLC reviewed the town's wind economics committee's report, outside sources, company research and the noise impact assessment from Hessler Associates Inc., Haymarket, Va., from April 2010 for Acciona Wind Energy USA's St. Lawrence Wind Farm's final environmental impact statement.
"After completing my review of the subject location, it is clear that numerous homes in the Cape Vincent area will be adversely impacted, and the best available evidence indicates that value loss of 25 to 40 percent or more will occur to homes within approximately two miles of the turbines," principal Michael S. McCann wrote. "This impact is not expected to be uniform, and some losses may well be lower and others higher."
The committee asked Mr. McCann to review the report and other evidence. Town taxpayer money did not support the analysis; private citizens donated for the cause.
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