Watershed development restrictions and land prices: Empirical evidence from southern Appalachia

The State of North Carolina's Water Supply Watershed Protection Act of 1989 required local governments to adopt land use measures in watersheds to protect the water supply emanating from the watersheds. We examine vacant land prices in the Ivy River watershed of Buncombe County, NC, at the time...

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Bibliographic Details
Published in:Regional science and urban economics 2009-05, Vol.39 (3), p.287-296
Main Authors: Chamblee, John F., Dehring, Carolyn A., Depken, Craig A.
Format: Article
Language:English
Subjects:
Environmental protection
Environmental regulation
Federal legislation
Land prices
Land use
Land use restrictions
Landowners
Legislation
North Carolina
Regulation
Studies
U.S.A
Water supply
Water supply protection
Water supply protection Land use restrictions Environmental regulation Watershed ecosystems
Watershed ecosystems
Watershed management
Watersheds
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Summary:The State of North Carolina's Water Supply Watershed Protection Act of 1989 required local governments to adopt land use measures in watersheds to protect the water supply emanating from the watersheds. We examine vacant land prices in the Ivy River watershed of Buncombe County, NC, at the time such regulation took effect. Our results suggest that costs of watershed development restrictions are borne primarily by those vacant land owners in the watershed for whom the development restrictions make land subdivision infeasible. We find benefits accruing to land owners on the public water supply or who are adjacent to creeks.
ISSN:0166-0462
1879-2308
DOI:10.1016/j.regsciurbeco.2008.10.003