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Article: Contaminated waterways and property valuation.(Report)
- Article from:
- Appraisal Journal
- Article date:
- September 22, 2008
- Author:
CopyrightCOPYRIGHT 2008 The Appraisal Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ABSTRACT
Throughout the United States. there are countless contaminated waterways, including lakes, rivers, and ocean coastlines. Indeed, it is difficult to find a waterway that is free of environmental issues. Contamination comes from factors that are purely natural as well as man-made. Some contamination comes from point sources, such as specific treatment plants or factories, while other contamination comes from general sources, such as storm water runoff. This article addresses the factors to consider when studying the effects, if any, that contaminated waterways have on the values of nearby properties. Further. it provides likely reasons as to why ...
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