Real estate values increase near wind farm, Colorado assessor finds
Real estate values increase near wind farm, Colorado assessor finds
By Peter Maloney | June 27, 2016
Dive Brief:
- New data out of Colorado claims the real estate values in areas close to a large wind farm have risen, Fox 21 News reports.
- The data, from El Paso, Colorado County Assessor Steve Schleiker, tracked 931 single family residential sales with an assessed value of $173.8 million that sold for an aggregate $239.1 million.
- El Paso County is home to NextEra Energys 249 MW Golden West wind farm that began operation in October 2015 and earlier this year was the target of complaints from nearby residents concerned that the turbines were making them sick.
Dive Insight:
Concerns about wind power are often focused on the intermittent nature of the electricity they produce, but some critics say that wind farms can cause health problems that can prompt people to sell their houses and move, thus lowering property values. The phenomena has engendered a several reports.
The latest data in that debate comes from El Paso County, Colorado, where County Assessor Steve Schleiker has studied the results of recent home sales....
http://www.utilitydive.com/news/real-estate-values-increase-near-wind-farm-colorado-assessor-finds/421628/