@article{e3502908279d4d2896dd9b94021c0a7a,
title = "Economic benefits of remediating the Sheboygan River, Wisconsin Area of Concern",
abstract = "This study estimates the economic benefits of remediation in the Sheboygan River, WI Area of Concern (AOC) using two distinct empirical methods. The methodology parallels that described by Braden et al. (2008). The results are mixed. Using hedonic analysis of property sales, for owner-occupied homes within a 5-mile radius of the Sheboygan River AOC, the overall estimated loss of value is $158 million (8% of market value). Of this total, only $49 million in losses for homes closest to the upper river segment has strong statistical support. The impacts are greatest proportionally for properties closest to the AOC. A survey-based method yields a mean estimate of $218 million (10% of property value) in willingness to pay for full cleanup of the AOC. If remediation were to induce recovery of property values, then the local communities could benefit through increased property tax revenues.",
author = "Braden, {John B.} and Won, {Doo Hwan} and Taylor, {Laura O.} and Nicole Mays and Allegra Cangelosi and Patunru, {Arianto A.}",
note = "Funding Information: This study was supported in part by grant no. GL-96553601 from the U.S. Environmental Protection Agency/Great Lakes National Program Office, Cooperative States Research Education and Extension Service, USDA-CREES /Illinois Agricultural Experiment Station projects MRF 470311 and ILLU-470-316, and Illinois-Indiana Sea Grant pro- ject AOM NA06 OAR4170079 R/CC-06-06. We acknowledge with gratitude the assistance of Shannon Haydin of the Sheboygan Country Regional Planning Office; Tom Gierke, Jon Gumtow, and Christie Sorensen of the Sheboygan River Basin Partnership; Vic Pappas of the Wisconsin Department of Natural Resources, Deb Beyer, Jenny Er-ickson, and David Such of University of Wisconsin Extension; Jim Hurley and David Hart of Wisconsin Sea Grant; Kim Marggraf of Marggraf Meetings; Paulette Enders of the City of Sheboygan; Lisa Kelly-Wilson of the University of Illinois Survey Research Laboratory; Dave Cowgill, Anthony Kizlauskas, and Marc Tuchman of USEPA/ GLNPO; the tax assessors of the communities studied and two anonymous referees. Any opinions, findings, and conclusions or recommendations expressed in this paper are those of the authors and do not necessarily reflect the views of the aforementioned agencies and individuals.",
year = "2008",
doi = "10.3394/0380-1330-34.4.649",
language = "English (US)",
volume = "34",
pages = "649--660",
journal = "Journal of Great Lakes Research",
issn = "0380-1330",
publisher = "International Association of Great Lakes Research",
number = "4",
}