Yesterday we countered a wind developer’s claims that property values do not decline near industrial wind power projects and we referred to a number of real estate appraisers’ opinions that they do. Here is a letter to The Ottawa Citizen from Michael McCann of the U.S., which lays out the case pretty well.
From: McCann Appraisal, LLC
January 25, 2011
I am writing regarding the Ian Hanna case being heard presently in Ontario, and to offer a little more information and insight than was described in Lee Greenberg’s article today (1-24-11).
My expertise is not in health issues, but there is a direct relationship between those impacts and my professional studies of real estate impacts.
For example, numerous families have been forced to abandon their homes due to the factual impacts to health, sleep disturbances and the like, which the Canadian Wind Energy Association and the American Wind Energy Association prefer to dismiss as “concerns.” Many others have been unable to sell their homes due to the presence of nearby turbines, and which a growing list of realtors and estate agents report as being the deciding factor in would-be buyer’s decisions to look elsewhere.
There is a measurable and significant loss of values within 2 to 3 miles, and noise impacts have been broadcast as far as 5 miles or more, in some instances, with 1 to 2 miles being commonplace. Value losses have been measured at 20% to 40%, with a total loss of equity in some instances.
Wind developers have been known to buy out the most vocal neighbors who refuse to roll over and play dead when they are initially ignored, and then turn around and sell those same homes for 60% to 80% below the appraised value—thus confirming value losses by their own actions.
Other developers have avoided future liability by bulldozing the purchased homes.
In fact, wind developers and the existing Canadian setback are even inadequate to protect neighbors from ice throw or from sections of turbine blades, which are documented as occurring up to half a mile from the turbines, and I have personally heard of a blade throw (piece) that went about 1 mile.
Regardless of these facts, the wind industry often tries to convince the siting decision makers that safety issues are satisfied by setbacks of 1.1 X the height of turbines (550 meters in Canada), as if preventing a toppling turbine from landing on a neighbors house is the correct standard.
It is obvious what is happening here: The wind industry is playing a numbers game, under the assumption or actuarial calculations that it is less costly for them to fight a number of lawsuits from citizens who do not have deep pockets, than it is to buy out the property they need to create huge projects.
The solution is simple, also: Mandate that all property they seek to encompass with industrial overlays be purchased outright, so people have an option as to whether they choose to live in a large, noisy industrial setting.
I am quite certain any of your staff can confirm my factual comments by simply driving to any number of projects and counting the abandned and for sale homes, talking with a few remaining neighbors, etc. Maybe start with the Clear Creek project, where a dozen homes are reported abandoned, due to proximity of about 3 dozen turbines. The list will grow as large as time devoted to research of this issue will allow.
Like most other people, I initially assumed that wind energy would be a good trend. Unlike most people, I have expended something on the order of 2,000 hours looking into it, and my findings are quite contrary to the “positions” of the wind industry and their lobbyists. However, even the wind industry’s counterpart to my profession, Mr. Ben Hoen, has now gone on record saying that Property Value Guarantees should be used for nearby homeowners, and that “if wind developers won’t guarantee that, then they really don’t have a leg to stand on.”
Your publication can do much to bring the truth to public view, and I am available to answer any questions you may have. Also, you have my permission to publish this letter as you see fit.
Incidentally, if you Google my name + Adams County, Illinois, you will find a lengthier report which provides more details of property value impacts, along with public documents on buyouts made by Canadian Hydro of turbine neighbors homes.
Michael S. McCann
McCann Appraisal, LLC
500 North Michigan Avenue, Suite # 300
Chicago, Illinois 60611
Real Estate Appraisal & Consulting
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