Berwick area farm: 33 huge industrial wind turbines planned could mean a loss of $37 million for nearby property owners [Photo Dorothea Larsen, Kemptville] Homeowners in North Stormont will have to make a big sacrifice to “green” energy if the proposed “Nation Rise” wind power project is constructed, says Wind Concerns Ontario, a coalition of community groups and Ontario families.
Using research completed recently by a land economist with the University of Guelph and published in Land Economics, Wind Concerns calculates that overall, the property loss for houses within 5 km of the 33 planned turbines could be $87.8 million. Using other research that is less conservative, however, the property value loss could be more than $140 million.
Research done in 2016 by the partnership of Clarkson University and Nanos Research on U.S properties with a view of Wolfe Island wind turbines showed an overall property value loss of 15…
View original post 439 more words