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What Is Historic Integrity Worth to the General Public? Evidence from a Proposed Relocation of a West Virginia Agricultural Mill
- Article from:
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Agricultural and Resource Economics Review
- Article date:
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April 1, 2007
- Author:
- Maskey, Vishakha; Brown, Cheryl; Collins, Alan R; Nassar, Hala F
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Copyright informationCopyright Northeastern Agricultural and Resource Economics Association Apr 2007. Provided by ProQuest LLC. (Hide copyright information)
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While historians believe that preserving a historic building in its original location is important to maintain its historic integrity, the general public's opinion is unknown. Survey data were gathered from local residents regarding a proposed relocation of a historic mill in rural West Virginia. Only a minority of the sample population supported preserving the mill at its original location. Willingness to pay for preservation was estimated at $8.45 for a one-time donation for the sample and $2.29 after adjusting for non-respondents using characteristics of the local population.
Key Words: contingent valuation, historic preservation, Tobit model, willingness to pay
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