Abstract

http://ssrn.com/abstract=1585304
 


 



Sharing the Burden of Water Supply Protection


Carolyn A. Dehring


University of Georgia - Department of Insurance, Legal Studies, Real Estate

Craig A. Depken


University of North Carolina at Charlotte - The Belk College of Business Administration - Department of Economics

April 6, 2010

Regulation, Vol. 33, No. 1, pp. 36-40, Spring 2010

Abstract:     
North Carolina law requires local governments to adopt zoning ordinances and land use restrictions for watersheds that feed water supplies. Watershed protection ordinances often contain minimum lot size restrictions that constrain development density in the watershed. This article examines vacant land prices in the Buncombe County, NC, Ivy River watershed before and after one of these ordinances was implemented in order to determine its effect on land prices. Its findings 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. Conversely, property owners whose water supply is protected by these ordinances experienced an increase in property values. This suggests a transfer could be made that would compensate property owners harmed by this regulation.

Number of Pages in PDF File: 5

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Date posted: April 6, 2010  

Suggested Citation

Dehring, Carolyn A. and Depken, Craig A., Sharing the Burden of Water Supply Protection (April 6, 2010). Regulation, Vol. 33, No. 1, pp. 36-40, Spring 2010. Available at SSRN: http://ssrn.com/abstract=1585304

Contact Information

Carolyn A. Dehring (Contact Author)
University of Georgia - Department of Insurance, Legal Studies, Real Estate ( email )
Athens, GA 30602-6255
United States
706-542-3809 (Phone)
Craig A. Depken
University of North Carolina at Charlotte - The Belk College of Business Administration - Department of Economics ( email )
Charlotte, NC 28223
United States
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